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Mexico stocks lower at close of trade; S&P/BMV IPC down 0.44%

Published 07/25/2024, 05:30 PM
© Reuters.  Mexico stocks lower at close of trade; S&P/BMV IPC down 0.44%
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Investing.com – Mexico stocks were lower after the close on Thursday, as losses in the Industrials, Financial Services and Consumer Goods & Services sectors led shares lower.

At the close in Mexico, the S&P/BMV IPC declined 0.44%.

The best performers of the session on the S&P/BMV IPC were Grupo Bimbo, S.A.B. De C.V. (BMV:BIMBOA), which rose 5.54% or 3.62 points to trade at 69.16 at the close. Meanwhile, Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA) added 5.32% or 0.59 points to end at 11.68 and Becle SA (BMV:CUERVO) was up 4.35% or 1.32 points to 31.82 in late trade.

The worst performers of the session were Alsea , S.A.B. De C.V. (BMV:ALSEA), which fell 4.91% or 2.86 points to trade at 55.39 at the close. Grupo Carso, S.A.B. De C.V. (BMV:GCARSOA1) declined 3.87% or 4.91 points to end at 122.68 and Promotora y Operadora de Infraestructura SAB de CV (BMV:PINFRA) was down 3.67% or 6.38 points to 167.78.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 116 to 107 and 13 ended unchanged.

Shares in Alsea, S.A.B. De C.V. (BMV:ALSEA) fell to 52-week lows; falling 4.91% or 2.86 to 55.39.

Gold Futures for August delivery was down 2.16% or 52.25 to $2,363.45 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.98% or 0.76 to hit $78.35 a barrel, while the September Brent oil contract fell 0.02% or 0.02 to trade at $82.42 a barrel.

USD/MXN was down 0.04% to 18.44, while EUR/MXN unchanged 0.02% to 20.01.

The US Dollar Index Futures was up 0.03% at 104.15.

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