Mexico stocks lower at close of trade; S&P/BMV IPC down 1.11%

Mexico stocks lower at close of trade; S&P/BMV IPC down 1.11%

Oct 24, 2018

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

At the close in Mexico, the S&P/BMV IPC declined 1.11% to hit a new 3-months low.

The best performers of the session on the S&P/BMV IPC were Infraestructura Energetica Nova SAB (MX:IENOVA), which rose 1.23% or 1.10 points to trade at 90.18 at the close. Meanwhile, Grupo Financiero Inbursa , SAB De CV (MX:GFINBURO) added 0.97% or 0.270 points to end at 28.140 and Grupo Elektra , S.A.B. De C.V. (MX:ELEKTRA) was up 0.90% or 7.01 points to 790.00 in late trade.

The worst performers of the session were Grupo Aeroportuario Del Sureste (MX:ASURB), which fell 4.89% or 16.74 points to trade at 325.87 at the close. Gentera SAB de CV (MX:GENTERA) declined 3.99% or 0.740 points to end at 17.810 and Industrias Penoles Sab De CV (MX:PENOLES) was down 3.68% or 12.39 points to 324.12.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 206 to 79 and 13 ended unchanged.

Gold Futures for December delivery was up 0.15% or 1.80 to $1235.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 0.23% or 0.15 to hit $66.28 a barrel, while the December Brent oil contract fell 1.27% or 0.97 to trade at $75.47 a barrel.

USD/MXN was up 1.54% to 19.5934, while EUR/MXN rose 0.86% to 22.3278.

The US Dollar Index Futures was up 0.45% at 96.14.

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