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Mexico shares higher at close of trade; IPC up 0.70%

Published 24/11/2016, 09:29 am
Updated 24/11/2016, 09:30 am
Mexico shares higher at close of trade; IPC up 0.70%

Mexico shares higher at close of trade; IPC up 0.70%

Investing.com – Mexico equities were higher at the close on Wednesday, as gains in the Materials, Telecoms Services and Financial Services sectors propelled shares higher.

At the close in Mexico, the IPC added 0.70%.

The biggest gainers of the session on the IPC were Alfa, S.A.B. De C.V. (MX:ALFAA), which rose 4.54% or 1.090 points to trade at 25.100 at the close. Alpek, S.A.B. De C.V. (MX:ALPEKA) added 2.91% or 0.790 points to end at 27.970 and Fomento Economico Mexicano UBD (MX:FMSAUBD) was up 2.28% or 3.730 points to 167.300 in late trade.

Biggest losers included Genomma Lab Internacional SAB De CV (MX:LABB), which lost 2.43% or 0.570 points to trade at 22.890 in late trade. Gruma SAB de CV (MX:GRUMAB) declined 1.47% or 3.670 points to end at 246.030 and Grupo Televisa SA (MX:TLVACPO) shed 1.35% or 1.150 points to 84.070.

Advancing stocks outnumbered falling ones by 103 to 65 and 6 ended unchanged on the Mexico Stock Exchange.

In commodities trading, Gold for December delivery was down 1.96% or 23.70 to $1187.50 a troy ounce. Meanwhile, Crude oil for delivery in January fell 0.17% or 0.08 to hit $47.95 a barrel, while the January Brent oil contract fell 0.04% or 0.02 to trade at $48.92 a barrel.

USD/MXN was up 0.16% to 20.6878, while EUR/MXN fell 0.13% to 21.7735.

The US Dollar Index was up 0.63% at 101.73.

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