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Mexico stocks higher at close of trade; IPC up 0.48%

Stock Markets Oct 05, 2016 04:30PM ET
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Mexico stocks higher at close of trade; IPC up 0.48%
 
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Investing.com – Mexico stocks were higher after the close on Wednesday, as gains in the Materials, Telecoms Services and Financial Services sectors led shares higher.

At the close in Mexico, the IPC gained 0.48% to hit a new 1-month high.

The best performers of the session on the IPC were Banregio Grupo Financiero SAB De CV (MX:GFREGIOO), which rose 2.50% or 2.820 points to trade at 115.710 at the close. Meanwhile, Gentera SAB de CV (MX:GENTERA) added 2.49% or 0.890 points to end at 36.650 and Gruma SAB de CV (MX:GRUMAB) was up 2.46% or 6.250 points to 260.810 in late trade.

The worst performers of the session were Grupo Financiero Banorte (MX:GFNORTEO), which fell 0.80% or 0.860 points to trade at 106.000 at the close. Genomma Lab Internacional SAB De CV (MX:LABB) declined 0.77% or 0.160 points to end at 20.750 and Grupo Bimbo, S.A.B. De C.V. (MX:BIMBOA) was down 0.73% or 0.390 points to 53.020.

Rising stocks outnumbered declining ones on the Mexico Stock Exchange by 107 to 62 and 2 ended unchanged.

Shares in Banregio Grupo Financiero SAB De CV (MX:GFREGIOO) rose to all time highs; gaining 2.50% or 2.820 to 115.710. Shares in Gentera SAB de CV (MX:GENTERA) rose to all time highs; up 2.49% or 0.890 to 36.650.

Gold for December delivery was down 0.00% or 0.05 to $1269.65 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in November rose 2.18% or 1.06 to hit $49.75 a barrel, while the December Brent oil contract rose 1.79% or 0.91 to trade at $51.78 a barrel.

USD/MXN was down 0.62% to 19.2069, while EUR/MXN fell 0.58% to 21.5274.

The US Dollar Index was up 0.03% at 96.13.

Mexico stocks higher at close of trade; IPC up 0.48%
 

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