MEXICO CITY – Mexico’s stock market posted solid gains on Monday, lifting the country’s benchmark index to a new one-month high. The S&P/BMV IPC index climbed 0.47% by the close of trading, buoyed by strong performances in the industrial, consumer goods, and services sectors.
The positive market sentiment was reflected in the overall trading activity on the Mexico Stock Exchange, where advancing stocks outnumbered declining ones 125 to 111, with 17 issues ending the day unchanged.
Leading the charge among the top-performing companies on the S&P/BMV IPC were:
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Genomma Lab Internacional SAB De CV (BMV:LABB), which surged 4.23% to close at 22.67.
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Alfa, S.A.B. De C.V. (BMV:ALFAA), a key industrial conglomerate, which added 3.13% to finish the session at 14.50.
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Promotora y Operadora de Infraestructura SAB de CV (BMV:PINFRA), an infrastructure operator, which rose 2.34% to trade at 240.77.
However, not all companies shared in the gains. The day’s biggest laggards included:
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Grupo Aeroportuario Del CentroNorte (BMV:OMAB), which fell 2.12% to 244.75.
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Grupo Televisa SAB Unit (BMV:TLEVISACPO), which declined 2.02% to end at 8.73.
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Becle SA (BMV:CUERVO), the spirits company, which dipped 0.94% to close at 23.20.
In the broader commodities market, Gold Futures for December delivery saw a significant drop, falling 2.80% to $3,393.70 a troy ounce. In contrast, energy prices were stable, with Crude oil for September delivery rising a slight 0.20% to $64.01 a barrel, while the October Brent oil contract remained unchanged at $66.69 a barrel.
In currency markets, the Mexican peso saw a slight weakening against major currencies. The USD/MXN pair was up 0.09% to 18.66, while the EUR/MXN rose 0.10% to 21.68.
