Mexico’s stock market falls 0.21%, extending losing streak to two sessions

Mexico’s benchmark stock index slipped for a second consecutive session, closing down 0.21% at 64,727.54 points.

Gabriela Siller, director of financial and economic analysis at Grupo Financiero Base, said global equity markets posted mixed results, with losses concentrated amid worsening tensions in the Middle East. U.S. markets were closed for Labor Day.

Televisa led the declines among major Mexican-listed companies, falling 13.03%. Orbia dropped 3.07%, Grupo Carso lost 2.54%, Gruma declined 2.15% and Megacable fell 1.71%.

Enrique Covarrubias, economic analysis director at Actinver, said Monday’s decline left the Mexican index down 1.07% so far in September. It remained 0.65% higher for the year. The peso weakened 0.23% against the dollar, moving from 16.89 to 16.93 pesos per dollar, according to Banco de México closing data.

Trading volume reached 40.3 million shares, worth 2.397 billion pesos, or about $141.5 million. Of 275 companies traded, 132 rose, 127 fell and 16 were unchanged. OMA B gained 3.75%, Grupo Vasconia rose 3.64% and Grupo Comercial Chedraui added 3.06%. Globant fell 4.72% and Grupo Traxión declined 3.09%.

“

The capital market closed the session with mixed results among the main global stock indexes. Losses were concentrated because of the worsening tensions in the Middle East.