Mexico stocks lower at close of trade; S&P/BMV IPC down 0.23%

Mexico stocks lower at close of trade; S&P/BMV IPC down 0.23%

Nov 14, 2018

Mexico stocks were lower after the close on Wednesday, as losses in the Telecoms Services, Industrials and Materials sectors led shares lower.

At the close in Mexico, the S&P/BMV IPC lost 0.23% to hit a new 52-week low.

The best performers of the session on the S&P/BMV IPC were Grupo Financiero Banorte (MX:GFNORTEO), which rose 2.75% or 2.680 points to trade at 100.220 at the close. Meanwhile, Infraestructura Energetica Nova SAB (MX:IENOVA) added 2.72% or 2.01 points to end at 75.90 and Grupo Financiero Santander Mexico SAB de CV Class B (MX:BSMXB) was up 2.39% or 0.610 points to 26.180 in late trade.

The worst performers of the session were Grupo Aeroportuario Del CentroNorte (MX:OMAB), which fell 4.21% or 4.230 points to trade at 96.260 at the close. Grupo Aeroportuario Del Sureste (MX:ASURB) declined 3.57% or 10.62 points to end at 286.76 and Industrias Penoles Sab De CV (MX:PENOLES) was down 3.52% or 8.82 points to 242.04.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 185 to 128 and 12 ended unchanged.

Shares in Grupo Aeroportuario Del Sureste (MX:ASURB) fell to 52-week lows; losing 3.57% or 10.62 to 286.76. Shares in Industrias Penoles Sab De CV (MX:PENOLES) fell to 52-week lows; down 3.52% or 8.82 to 242.04.

Gold Futures for December delivery was up 1.06% or 12.70 to $1211.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December rose 0.27% or 0.15 to hit $55.84 a barrel, while the January Brent oil contract rose 0.38% or 0.25 to trade at $65.72 a barrel.

USD/MXN was down 0.50% to 20.3906, while EUR/MXN fell 0.32% to 23.0692.

The US Dollar Index Futures was down 0.31% at 96.84.

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