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Mexico Stocks Close Higher as S&P/BMV IPC Hits New Record

Mexico Stocks Close Higher as S&P/BMV IPC Hits New Record.

Mexican stocks ended Monday’s trading session on a positive note, with the benchmark S&P/BMV IPC index climbing to a fresh all-time high. The index advanced 0.55% at the close, supported by strong gains across the Industrials, Consumer Goods & Services, and Consumer Staples sectors, reflecting improved investor sentiment in the Mexican stock market.

Market breadth was slightly negative, as declining stocks narrowly outpaced advancing issues on the Mexico Stock Exchange by 70 to 67, while 12 shares finished unchanged. Despite this, key heavyweights provided enough momentum to lift the main index to record territory, highlighting selective strength among blue-chip Mexican equities.

Grupo Mexico, S.A.B. de C.V. was the standout performer of the session, surging 3.02% to close at 199.87 pesos, marking a new all-time high for the stock. The mining and transportation giant benefited from renewed optimism around commodities and industrial demand. Becle SA, the producer of Jose Cuervo tequila, also posted solid gains, rising 2.31% to end the day at 21.70 pesos. Arca Continental added 1.97%, closing at 202.99 pesos, supported by steady consumer demand expectations.

On the downside, Orbia Advance Corporation SAB de CV was among the weakest performers, falling 3.47% to 17.50 pesos amid ongoing concerns about its operational outlook. Shares of Controladora Vuela Compania de Aviacion, operator of Volaris, declined 3.12% to 14.91 pesos, while Regional SAB de CV lost 2.46% to close at 140.01 pesos.

In commodities, gold futures for February delivery jumped 1.77% to $4,676.70 per troy ounce, boosting interest in mining-related stocks. Crude oil prices were mixed, with WTI crude for March delivery edging up 0.15% to $59.43 per barrel, while Brent crude rose slightly to $64.16 per barrel.

In currency markets, the Mexican peso strengthened against the US dollar, with USD/MXN slipping 0.18% to 17.58. The euro gained modestly against the peso, while the US Dollar Index futures declined 0.35%, reflecting broader dollar weakness.

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