Mexico stocks higher at close of trade; S&P/BMV IPC up 0.82%

Mexico stocks higher at close of trade; S&P/BMV IPC up 0.82%

Dec 03, 2018

Mexico stocks were higher after the close on Monday, as gains in the Financial Services, Industrials and Telecoms Services sectors led shares higher.

At the close in Mexico, the S&P/BMV IPC gained 0.82%.

The best performers of the session on the S&P/BMV IPC were Grupo Financiero Banorte (MX:GFNORTEO), which rose 4.66% or 4.340 points to trade at 97.490 at the close. Meanwhile, Alfa, S.A.B. De C.V. (MX:ALFAA) added 3.32% or 0.680 points to end at 21.140 and Mexichem , S.A.B. De C.V. (MX:MEXCHEM) was up 3.30% or 1.570 points to 49.130 in late trade.

The worst performers of the session were Grupo LALA SA de CV (MX:LALAB), which fell 4.23% or 0.78 points to trade at 17.66 at the close. Becle SA (MX:CUERVO) declined 3.44% or 0.880 points to end at 24.730 and Genomma Lab Internacional SAB De CV (MX:LABB) was down 3.19% or 0.400 points to 12.130.

Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 193 to 101 and 10 ended unchanged.

Gold Futures for February delivery was up 0.82% or 10.10 to $1236.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in January rose 4.32% or 2.20 to hit $53.13 a barrel, while the February Brent oil contract rose 4.05% or 2.41 to trade at $61.87 a barrel.

USD/MXN was down 0.22% to 20.3484, while EUR/MXN rose 0.02% to 23.0951.

The US Dollar Index Futures was down 0.29% at 96.912.

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