Bloomberg News

Mexico Stocks: America Movil, Wal-Mart de Mexico, Homex Advance

October 21, 2011

Oct. 21 (Bloomberg) -- The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of the close of trading.

The IPC index gained 1.8 percent to 35,020.74.

America Movil SAB (AMXL MM), the wireless carrier controlled by billionaire Carlos Slim, gained 3.4 percent to 16.31 pesos, the highest in six months. Fitch Ratings assigned the company’s Japanese yen bonds “A” ratings, according to a statement from the ratings agency. America Movil sold 6.9 billion yen ($90 million) of 1.23 percent three-year Samurai bonds, and 5.1 billion yen of 1.53 percent five-year yen- denominated notes, according to a faxed statement from Mizuho Financial Group Inc. yesterday.

Retailers and homebuilders advanced after the national statistics agency said Mexico’s unemployment rate fell to 5.68 percent in September from 5.79 percent in August. Economists expected a jobless rate of 5.85 percent, according to the median of 14 estimates compiled by Bloomberg.

Grupo Comercial Chedraui SA (CHDRAUIB MM), the supermarket chain based in Xalapa, Mexico, advanced 1.5 percent to 32.31 pesos. Wal-Mart de Mexico SAB (WALMEXV MM), Latin America’s largest retailer, advanced 1.5 percent to 33.20 pesos.

Desarrolladora Homex SAB (HOMEX* MM), Mexico’s largest homebuilder, advanced 1.9 percent to 30.99 pesos. Urbi Desarrollos Urbanos SAB (URBI* MM), Mexico’s third-largest homebuilder, rose 1.9 percent to 21.54 pesos, the highest in a month.

--Editors: Brendan Walsh, Glenn J. Kalinoski

To contact the reporter on this story: Katia Porzecanski in New York at

To contact the editor responsible for this story: David Papadopoulos at

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