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Mexico stocks lower at close of trade; S&P/BMV IPC down 5.67%

08/11/2018 21:29:00 Stock Market

Mexico stocks were lower after the close on Thursday, as losses in the Financial Services, Consumer Staples and Telecoms Services sectors led shares lower.

At the close in Mexico, the S&P/BMV IPC lost 5.67%.

The best performers of the session on the S&P/BMV IPC were GMexico Transportes SA de CV (MX:GMXT), which rose 1.75% or 0.490 points to trade at 28.420 at the close. Meanwhile, PINFRA SAB De CV (MX:PINFRA) added 0.62% or 1.18 points to end at 192.81 and Megacable Holdings, S.A.B. De C.V. (MX:MEGACPO) was up 0.20% or 0.190 points to 97.250 in late trade.

The worst performers of the session were Grupo Financiero Banorte (MX:GFNORTEO), which fell 11.76% or 14.260 points to trade at 107.010 at the close. Grupo Aeroportuario Del CentroNorte (MX:OMAB) declined 10.84% or 12.250 points to end at 100.750 and Gentera SAB de CV (MX:GENTERA) was down 9.99% or 1.970 points to 17.740.

Falling stocks outnumbered advancing ones on the Mexico Stock Exchange by 164 to 127 and 17 ended unchanged.

Gold Futures for December delivery was down 0.17% or 2.10 to $1224.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in December fell 1.70% or 1.05 to hit $60.62 a barrel, while the January Brent oil contract fell 1.79% or 1.29 to trade at $70.78 a barrel.

USD/MXN was up 1.52% to 20.1654, while EUR/MXN rose 1.01% to 22.9176.

The US Dollar Index Futures was up 0.71% at 96.49.

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