Mexico stocks lower at close of trade; S&P/BMV IPC down 0.50%

Mexico stocks lower at close of trade; S&P/BMV IPC down 0.50%

Jul 10, 2018

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

At the close in Mexico, the S&P/BMV IPC declined 0.50%.

The best performers of the session on the S&P/BMV IPC were Grupo Elektra , S.A.B. De C.V. (MX:ELEKTRA), which rose 5.39% or 29.35 points to trade at 574.00 at the close. Meanwhile, Wal - Mart De Mexico, SAB De CV (MX:WALMEX) added 2.46% or 1.320 points to end at 55.000 and Grupo Televisa SAB Unit (MX:TLVACPO) was up 2.29% or 1.72 points to 76.95 in late trade.

The worst performers of the session were Grupo Financiero Banorte (MX:GFNORTEO), which fell 2.81% or 3.440 points to trade at 118.990 at the close. Alsea , S.A.B. De C.V. (MX:ALSEA) declined 2.46% or 1.720 points to end at 68.260 and Industrias Penoles Sab De CV (MX:PENOLES) was down 2.42% or 8.45 points to 340.15.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 172 to 118 and 7 ended unchanged.

Shares in Wal - Mart De Mexico, SAB De CV (MX:WALMEX) rose to all time highs; gaining 2.46% or 1.320 to 55.000.

Gold Futures for August delivery was down 0.25% or 3.20 to $1256.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.61% or 0.45 to hit $74.30 a barrel, while the September Brent oil contract rose 1.27% or 0.99 to trade at $79.06 a barrel.

USD/MXN was down 1.69% to 18.8869, while EUR/MXN fell 1.62% to 22.1864.

The US Dollar Index Futures was up 0.05% at 93.85.

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