Bloomberg News

Mexico Stocks: Cemex, Grupo Mexico, Wal-Mart de Mexico Advance

December 01, 2011

Nov. 30 (Bloomberg) -- The following companies are having unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 9:43 a.m. local time, when trading was temporarily suspended at the exchange for a so- called administrative recess. Alberto Maya, a spokesman for the exchange operator, didn’t immediately return a request for comment on the cause of the stoppage.

The IPC index rose 2.7 percent to 36,684.32.

Mexican stocks followed U.S. equities higher as central banks acted to make additional funds available to lenders.

Cemex SAB (CEMEXCPO), the largest cement maker in the Americas, rose 7.6 percent to 6.38 pesos. Wal-Mart de Mexico SAB (WALMEXV MM), Latin America’s largest retailer, advanced 3.4 percent to 36.72 pesos.

Grupo Mexico SAB (GMEXICOB MM), the country’s largest mining company, rose 4 percent to 36.77 pesos. Copper futures for March delivery jumped as much as 7.2 percent in New York. Mexico’s copper production increased 79 percent in September to 36,692 metric tons from the same month a year earlier, the national statistics institute said on its website.

--Editors: Glenn J. Kalinoski, Marie-France Han

To contact the reporter on this story: Jonathan J. Levin at jlevin20@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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