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Mexico shares lower at close of trade; S&P/BMV IPC down 1.27%

Published 01/08/2024, 22:30
© Reuters.  Mexico shares lower at close of trade; S&P/BMV IPC down 1.27%
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Investing.com – Mexico equities were lower at the close on Thursday, as losses in the Industrials, Telecoms Services and Financial Services sectors propelled shares lower.

At the close in Mexico, the S&P/BMV IPC declined 1.27%.

The biggest gainers of the session on the S&P/BMV IPC were Qualitas Controladora, SAB De CV (BMV:Q), which rose 4.88% or 7.97 points to trade at 171.06 at the close. Grupo Bimbo, S.A.B. De C.V. (BMV:BIMBOA) added 0.44% or 0.29 points to end at 65.66 and GCC SAB de CV (BMV:GCC) was up 0.27% or 0.42 points to 158.08 in late trade.

Biggest losers included Controladora Vuela Compania de Aviacion SAB de CV (BMV:VOLARA), which lost 4.10% or 0.47 points to trade at 11.02 in late trade. Grupo Mexico, S.A.B. De C.V. (BMV:GMEXICOB) declined 4.04% or 4.24 points to end at 100.89 and Banco Del Bajio SA Institution De Banca Multiple (BMV:BBAJIOO) shed 3.91% or 2.17 points to 53.01.

Declining stocks outnumbered rising ones by 136 to 90 and 9 ended unchanged on the Mexico Stock Exchange.

In commodities trading, Gold Futures for December delivery was up 0.72% or 17.90 to $2,490.90 a troy ounce. Meanwhile, Crude oil for delivery in September fell 1.26% or 0.98 to hit $76.93 a barrel, while the October Brent oil contract fell 0.02% or 0.02 to trade at $80.07 a barrel.

USD/MXN was up 0.13% to 18.87, while EUR/MXN rose 0.05% to 20.36.

The US Dollar Index Futures was up 0.26% at 104.13.

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