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Mexico Stocks Edge Lower as IPC Slips 0.12% to 61,672

Global earnings optimism persists, with a 24.6% year-to-date gain contrasting with a 2% pullback in October.

Overview

  • The peso weakened 0.1% to 18.41 per dollar, according to Banco de México.
  • Market breadth was mixed, with 406 gainers, 172 decliners and 23 unchanged across 601 listings.
  • Within the IPC, 24 of the 35 main constituents finished lower, Actinver reported.
  • Top movers included Organización Cultiba (+5.5%), BBVA México (+4.39%) and Hoteles City Express (+4.13%), while CMR (-3.75%), Pinfra (-3.33%) and Sitios Latinoamérica (-3.08%) led declines.
  • Banco Base noted that about 85% of S&P 500 companies have beaten expectations this quarter, supporting a constructive global tone.