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Mexico shares lower at close of trade; IPC down 4.57%

Published 11/11/2016, 09:29 am
Updated 11/11/2016, 09:30 am
Mexico shares lower at close of trade; IPC down 4.57%
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ALSEA
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BOLSAA
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GENTERA
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GMEXICOB
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GCARSOA1
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MXX
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MXSE03
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Investing.com – Mexico equities were lower at the close on Thursday, as losses in the Financial Services, Consumer Goods & Services and Industrials sectors propelled shares lower.

At the close in Mexico, the IPC lost 4.57% to hit a new 3-month low.

The biggest gainers of the session on the IPC were Grupo Mexico, S.A.B. De C.V. (MX:GMEXICOB), which rose 2.67% or 1.360 points to trade at 52.210 at the close. Bolsa Mexicana De Valores SAB De CV (MX:BOLSAA) fell 0.28% or 0.080 points to end at 28.700 and Grupo Televisa SA (MX:TLVACPO) was down 0.86% or 0.800 points to 92.130 in late trade.

Biggest losers included Alsea , S.A.B. De C.V. (MX:ALSEA), which lost 11.65% or 7.890 points to trade at 59.820 in late trade. Gentera SAB de CV (MX:GENTERA) declined 10.04% or 3.620 points to end at 32.450 and Grupo Carso, S.A.B. De C.V. (MX:GCARSOA1) shed 9.93% or 8.280 points to 75.130.

Declining stocks outnumbered rising ones by 115 to 69 and 7 ended unchanged on the Mexico Stock Exchange.

In commodities trading, Gold for December delivery was down 1.22% or 15.50 to $1258.00 a troy ounce. Meanwhile, Crude oil for delivery in December fell 2.21% or 1.00 to hit $44.27 a barrel, while the January Brent oil contract rose 0.20% or 0.09 to trade at $45.69 a barrel.

USD/MXN was up 0.05% to 20.5861, while EUR/MXN fell 0.08% to 22.4025.

The US Dollar Index was up 0.13% at 98.79.

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