Mexico shares lower at close of trade; IPC down 1.39% ~ TradeBizz Research

Tradebizzindia.com – Mexico equities were lower at the close on Friday, as losses in the Financial Services, Consumer Staples and Telecoms Services sectors propelled shares lower.

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At the close in Mexico, the IPC lost 1.39%.

The biggest gainers of the session on the IPC were Grupo Carso, S.A.B. De C.V. (MX: GCARSOA1), which rose 2.21% or 1.770 points to trade at 81.750 at the close. Alpek, S.A.B. De C.V. (MX: ALPEKA) added 1.76% or 0.440 points to end at 25.400 and Banregio Grupo Financiero SAB De CV (MX: GFREGIOO) was up 1.67% or 1.930 points to 117.540 in late trade.

Biggest losers included Grupo LALA SA de CV (MX: LALAB), which lost 4.07% or 1.23 points to trade at 28.96 in late trade. VOLARIS A (MX: VOLARA) declined 3.46% or 1.11 points to end at 31.01 and Bolsa Mexicana De Valores SAB De CV (MX: BOLSAA) shed 3.43% or 0.960 points to 27.000.

Declining stocks outnumbered rising ones by 167 to 101 and 9 ended unchanged on the Mexico Stock Exchange.

In commodities trading, Gold for February delivery was down 0.73% or 8.65 to $1172.65 a troy ounce. Meanwhile, Crude oil for delivery in February fell 0.09% or 0.05 to hit $53.71 a barrel, while the March Brent oil contract fell 0.11% or 0.06 to trade at $56.83 a barrel.

USD/MXN was down 0.98% to 21.2156, while EUR/MXN fell 1.58% to 22.3612.

The US Dollar Index was up 0.77% at 102.17.


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