Market Overview#
On Friday, Mexican stocks closed lower, with the S&P/BMV IPC index dropping by 0.66%. This decline was largely influenced by losses in the Industrials, Consumer Goods & Services, and Consumer Staples sectors, leading the market to a new one-month low.
Top Performers#
Despite the overall downturn, some companies managed to post gains. Banco Del Bajio SA Institution De Banca Multiple saw an increase of 3.19%, closing at 50.40. Wal Mart de Mexico SAB de CV followed closely with a rise of 1.96%, ending at 57.11. Grupo Televisa SAB Unit also experienced a modest gain of 1.08%, closing at 10.32.
Notable Declines#
On the flip side, several companies faced significant losses. Industrias Penoles Sab De CV was the biggest loser, dropping 5.26% to trade at 906.02. Grupo Mexico, S.A.B. De C.V. fell by 2.63%, closing at 187.15, while Orbia Advance Corporation SAB de CV decreased by 2.62%, ending at 18.58. Overall, declining stocks outnumbered those that rose, with 116 stocks falling and 116 rising, while 14 remained unchanged on the Mexico Stock Exchange.
Commodity and Currency Updates#
In commodities, Gold Futures for April delivery fell by 2.00%, settling at $5,023.10 per troy ounce. Conversely, crude oil prices rose, with April delivery increasing by 3.74% to $99.31 per barrel, and the May Brent oil contract up by 3.16% to $103.63 per barrel. In currency markets, the US Dollar (USD) appreciated slightly against the Mexican Peso (MXN), rising by 0.07% to 17.95, while the Euro (EUR) also gained 0.07% to 20.50. The US Dollar Index Futures increased by 0.75%, reaching 100.50.