Mexico stocks higher at close of trade; S&P/BMV IPC up 1.25%

Mexico stocks higher at close of trade; S&P/BMV IPC up 1.25%

Jul 24, 2018

Mexico stocks were higher after the close on Tuesday, as gains in the Materials, Consumer Staples and Industrials sectors led shares higher.

At the close in Mexico, the S&P/BMV IPC gained 1.25% to hit a new 3-months high.

The best performers of the session on the S&P/BMV IPC were Cemex SAB de CV (MX:CMXCPO), which rose 3.77% or 0.480 points to trade at 13.200 at the close. Meanwhile, Gentera SAB de CV (MX:GENTERA) added 3.24% or 0.640 points to end at 20.400 and Grupo Aeroportuario Del Sureste (MX:ASURB) was up 2.61% or 8.76 points to 343.83 in late trade.

The worst performers of the session were Grupo Elektra , S.A.B. De C.V. (MX:ELEKTRA), which fell 2.01% or 12.78 points to trade at 623.00 at the close. BanRegio Grupo Financiero SAB de CV (MX:RA) declined 1.77% or 2.03 points to end at 112.56 and Alpek, S.A.B. De C.V. (MX:ALPEKA) was down 0.80% or 0.250 points to 30.890.

Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 147 to 130 and 10 ended unchanged.

Gold Futures for August delivery was down 0.06% or 0.70 to $1224.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 1.27% or 0.86 to hit $68.75 a barrel, while the September Brent oil contract rose 0.79% or 0.58 to trade at $73.64 a barrel.

USD/MXN was down 0.12% to 18.8610, while EUR/MXN fell 0.20% to 22.0345.

The US Dollar Index Futures was down 0.04% at 94.38.

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