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Mexico shares higher at close of trade; S&P/BMV IPC up 0.54%

Published 07/08/2024, 22:30
Updated 07/08/2024, 22:35
© Reuters.  Mexico shares higher at close of trade; S&P/BMV IPC up 0.54%
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Investing.com – Mexico equities were higher at the close on Wednesday, as gains in the Telecoms Services, Financial Services and Materials sectors propelled shares higher.

At the close in Mexico, the S&P/BMV IPC added 0.54%.

The biggest gainers of the session on the S&P/BMV IPC were Kimberly - Clark De Mexico A (BMV:KIMBERA), which rose 2.76% or 0.90 points to trade at 33.52 at the close. Grupo Financiero Banorte (BMV:GFNORTEO) added 2.21% or 2.96 points to end at 137.31 and Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) was up 1.88% or 1.90 points to 103.04 in late trade.

Biggest losers included Orbia Advance Corporation SAB de CV (BMV:ORBIA), which lost 3.87% or 0.88 points to trade at 21.85 in late trade. Megacable Holdings, S.A.B. De C.V. (BMV:MEGACPO) declined 2.75% or 1.23 points to end at 43.47 and Industrias Penoles Sab De CV (BMV:PEOLES) shed 2.57% or 6.53 points to 245.98.

Declining stocks outnumbered rising ones by 164 to 83 and 12 ended unchanged on the Mexico Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.33% or 8.10 to $2,423.50 a troy ounce. Meanwhile, Crude oil for delivery in September rose 3.10% or 2.27 to hit $75.47 a barrel, while the October Brent oil contract rose 0.04% or 0.03 to trade at $78.51 a barrel.

USD/MXN was up 0.08% to 19.28, while EUR/MXN unchanged 0.02% to 21.07.

The US Dollar Index Futures was up 0.21% at 102.97.

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