Mexico stocks higher at close of trade; S&P/BMV IPC up 1.32%

Mexico stocks higher at close of trade; S&P/BMV IPC up 1.32%

Nov 07, 2018

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

At the close in Mexico, the S&P/BMV IPC gained 1.32%.

The best performers of the session on the S&P/BMV IPC were Gruma SAB de CV (MX:GRUMAB), which rose 4.48% or 10.21 points to trade at 237.99 at the close. Meanwhile, Fomento Economico Mexicano UBD (MX:FMSAUBD) added 3.87% or 6.91 points to end at 185.36 and Megacable Holdings, S.A.B. De C.V. (MX:MEGACPO) was up 3.79% or 3.540 points to 96.850 in late trade.

The worst performers of the session were Genomma Lab Internacional SAB De CV (MX:LABB), which fell 4.16% or 0.630 points to trade at 14.510 at the close. Infraestructura Energetica Nova SAB (MX:IENOVA) declined 2.64% or 2.21 points to end at 81.44 and Becle SA (MX:CUERVO) was down 2.45% or 0.610 points to 24.320.

Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 220 to 91 and 17 ended unchanged.

Shares in Becle SA (MX:CUERVO) fell to all time lows; falling 2.45% or 0.610 to 24.320.

Gold Futures for December delivery was up 0.32% or 3.90 to $1227.70 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.95% or 0.59 to hit $61.62 a barrel, while the January Brent oil contract fell 0.14% or 0.10 to trade at $72.03 a barrel.

USD/MXN was up 0.78% to 19.8762, while EUR/MXN rose 0.86% to 22.7279.

The US Dollar Index Futures was down 0.18% at 95.94.

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