Mexico stocks higher at close of trade; S&P/BMV IPC up 1.24%

Aug 07, 2018

Mexico stocks were higher after the close on Tuesday, as gains in the Financial Services, Telecoms Services and Industrials sectors led shares higher.

At the close in Mexico, the S&P/BMV IPC added 1.24% to hit a new 6-months high.

The best performers of the session on the S&P/BMV IPC were Grupo Financiero Banorte (MX:GFNORTEO), which rose 4.86% or 6.180 points to trade at 133.230 at the close. Meanwhile, Grupo Carso, S.A.B. De C.V. (MX:GCARSOA1) added 3.92% or 2.860 points to end at 75.820 and VOLARIS A (MX:VOLARA) was up 3.27% or 0.43 points to 13.58 in late trade.

The worst performers of the session were Infraestructura Energetica Nova SAB (MX:IENOVA), which fell 2.15% or 2.02 points to trade at 92.00 at the close. Megacable Holdings, S.A.B. De C.V. (MX:MEGACPO) declined 1.86% or 1.610 points to end at 84.880 and Wal - Mart De Mexico, SAB De CV (MX:WALMEX) was down 1.46% or 0.790 points to 53.240.

Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 174 to 105 and 12 ended unchanged.

Shares in Grupo Financiero Banorte (MX:GFNORTEO) rose to all time highs; up 4.86% or 6.180 to 133.230.

Gold Futures for December delivery was up 0.06% or 0.70 to $1218.40 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in September rose 0.17% or 0.12 to hit $69.13 a barrel, while the October Brent oil contract rose 1.02% or 0.75 to trade at $74.50 a barrel.

USD/MXN was down 0.38% to 18.4554, while EUR/MXN rose 0.01% to 21.4056.

The US Dollar Index Futures was down 0.20% at 95.00.