Mexico shares lower at close of trade; S&P/BMV IPC down 4.15%

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Mexico shares lower at close of trade; S&P/BMV IPC down 4.15% – Mexico equities were lower at the close on Monday, as losses in the Financial Services , Materials and Consumer Staples sectors propelled shares lower.

At the close in Mexico, the S&P/BMV IPC lost 4.15% to hit a new 52-week low.

The biggest gainers of the session on the S&P/BMV IPC were Grupo Elektra , S.A.B. De C.V. (MX: ELEKTRA ), which fell 0.33% or 2.67 points to trade at 797.62 at the close. Becle SA (MX: CUERVO ) fell 0.49% or 0.125 points to end at 25.450 and Grupo LALA SA de CV (MX: LALAB ) was down 0.86% or 0.16 points to 18.43 in late trade.

Biggest losers included Industrias Penoles Sab De CV (MX: PENOLES ), which lost 11.24% or 37.37 points to trade at 295.08 in late trade. Grupo Financiero Banorte (MX: GFNORTEO ) declined 9.00% or 11.390 points to end at 115.190 and Genomma Lab Internacional SAB De CV (MX: LABB ) shed 7.30% or 0.990 points to 12.580.

Declining stocks outnumbered rising ones by 165 to 99 and 6 ended unchanged on the Mexico Stock Exchange.

In commodities trading, Gold Futures for December delivery was down 0.12% or 1.50 to $1231.00 a troy ounce. Meanwhile, Crude oil for delivery in December fell 1.21% or 0.82 to hit $66.77 a barrel, while the January Brent oil contract fell 0.86% or 0.67 to trade at $76.95 a barrel.

USD/MXN was up 3.49% to 20.0376, while EUR/MXN rose 3.31% to 22.8014.

The US Dollar Index Futures was up 0.26% at 96.38.

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