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

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