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Mexico stocks lower at close of trade; S&P/BMV IPC down 1.78%

Published 03/23/2018, 06:29 PM
Updated 03/23/2018, 06:35 PM
© Reuters.  Mexico stocks lower at close of trade; S&P/BMV IPC down 1.78%

Investing.com – Mexico stocks were lower after the close on Friday, as losses in the Telecoms Services, Consumer Staples and Industrials sectors led shares lower.

At the close in Mexico, the S&P/BMV IPC lost 1.78% to hit a new 52-week low.

The best performers of the session on the S&P/BMV IPC were Cemex SAB de CV (MX:CMXCPO), which rose 4.51% or 0.560 points to trade at 12.990 at the close. Meanwhile, Megacable Holdings, S.A.B. De C.V. (MX:MEGACPO) added 1.04% or 0.890 points to end at 86.870 and Grupo Carso, S.A.B. De C.V. (MX:GCARSOA1) was up 0.20% or 0.130 points to 64.980 in late trade.

The worst performers of the session were Grupo Aeroportuario del Pacifico SAB De CV Class B (MX:GAPB), which fell 4.97% or 9.39 points to trade at 179.69 at the close. Fomento Economico Mexicano UBD (MX:FMSAUBD) declined 4.58% or 7.81 points to end at 162.77 and Grupo Aeroportuario Del Sureste (MX:ASURB) was down 4.47% or 14.60 points to 311.96.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 255 to 45 and 13 ended unchanged.

Shares in Megacable Holdings, S.A.B. De C.V. (MX:MEGACPO) rose to all time highs; up 1.04% or 0.890 to 86.870. Shares in Fomento Economico Mexicano UBD (MX:FMSAUBD) fell to 52-week lows; losing 4.58% or 7.81 to 162.77. Shares in Grupo Aeroportuario Del Sureste (MX:ASURB) fell to 52-week lows; losing 4.47% or 14.60 to 311.96.

Gold Futures for April delivery was up 1.49% or 19.80 to $1347.20 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in May rose 2.35% or 1.51 to hit $65.81 a barrel, while the May Brent oil contract rose 2.10% or 1.45 to trade at $70.36 a barrel.

USD/MXN was down 0.64% to 18.5174, while EUR/MXN fell 0.24% to 22.8814.

The US Dollar Index Futures was down 0.41% at 89.10.

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