Mexico stocks lower at close of trade; S&P/BMV IPC down 4.15%

Mexico stocks lower at close of trade; S&P/BMV IPC down 4.15%

Oct 29, 2018

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

At the close in Mexico, the S&P/BMV IPC fell 4.15% to hit a new 52-week low.

The best performers of the session on the S&P/BMV IPC were Grupo Elektra , S.A.B. De C.V. (MX:ELEKTRA), which fell 0.33% or 2.67 points to trade at 797.62 at the close. Meanwhile, Becle SA (MX:CUERVO) fell 0.49% or 0.125 points to end at 25.450 and Grupo LALA SA de CV (MX:LALAB) was down 0.86% or 0.16 points to 18.43 in late trade.

The worst performers of the session were Industrias Penoles Sab De CV (MX:PENOLES), which fell 11.24% or 37.37 points to trade at 295.08 at the close. Grupo Financiero Banorte (MX:GFNORTEO) declined 9.00% or 11.390 points to end at 115.190 and Genomma Lab Internacional SAB De CV (MX:LABB) was down 7.30% or 0.990 points to 12.580.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 165 to 99 and 6 ended unchanged.

Shares in Industrias Penoles Sab De CV (MX:PENOLES) fell to 52-week lows; down 11.24% or 37.37 to 295.08. Shares in Becle SA (MX:CUERVO) fell to all time lows; losing 0.49% or 0.125 to 25.450. Shares in Grupo LALA SA de CV (MX:LALAB) fell to all time lows; down 0.86% or 0.16 to 18.43. Shares in Genomma Lab Internacional SAB De CV (MX:LABB) fell to 52-week lows; falling 7.30% or 0.990 to 12.580.

Gold Futures for December delivery was down 0.12% or 1.50 to $1231.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.21% or 0.82 to hit $66.77 a barrel, while the January Brent oil contract fell 0.85% or 0.66 to trade at $76.96 a barrel.

USD/MXN was up 3.48% to 20.0352, while EUR/MXN rose 3.31% to 22.8014.

The US Dollar Index Futures was up 0.26% at 96.38.

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