Mexico stocks higher at close of trade; S&P/BMV IPC up 1.66%

Mexico stocks higher at close of trade; S&P/BMV IPC up 1.66%

Jan 08, 2019

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

At the close in Mexico, the S&P/BMV IPC added 1.66% to hit a new 1-month high.

The best performers of the session on the S&P/BMV IPC were Grupo Cementos De Chihuahua (MX:GCC), which rose 4.74% or 4.800 points to trade at 105.970 at the close. Meanwhile, America Movil SAB de CV (MX:AMXL) added 4.59% or 0.660 points to end at 15.050 and Banco Del Bajio SA Institution De Banca Multiple (MX:BBAJIOO) was up 4.17% or 1.610 points to 40.230 in late trade.

The worst performers of the session were Genomma Lab Internacional SAB De CV (MX:LABB), which fell 1.86% or 0.260 points to trade at 13.750 at the close. Grupo Financiero Inbursa , SAB De CV (MX:GFINBURO) declined 1.33% or 0.390 points to end at 28.850 and Megacable Holdings, S.A.B. De C.V. (MX:MEGACPO) was down 1.18% or 1.060 points to 88.790.

Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 176 to 86 and 23 ended unchanged.

Gold Futures for February delivery was down 0.28% or 3.65 to $1286.25 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 2.14% or 1.04 to hit $49.56 a barrel, while the March Brent oil contract rose 2.06% or 1.18 to trade at $58.51 a barrel.

USD/MXN was up 0.12% to 19.3783, while EUR/MXN fell 0.17% to 22.1698.

The US Dollar Index Futures was up 0.29% at 95.507.

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