Bloomberg News

Mexico Stocks: Banorte, Cemex, Soriana, Grupo Mexico Advance

December 09, 2011

Dec. 9 (Bloomberg) -- The following companies are having unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 9:51 a.m. local time.

The IPC index rose 1 percent to 36,999.09.

Mexican stocks followed global equities higher after European leaders agreed to boost a rescue fund and tighten budget rules to stem the region’s debt crisis.

Cemex SAB (CEMEXCPO MM), the largest cement maker in the Americas, climbed 3.4 percent to 6.76 pesos. Lender Grupo Financiero Banorte SAB (GFNORTEO MM) rose 2.8 percent to 45.50 pesos. Organizacion Soriana SAB (SORIANAB MM), Mexico’s second- largest grocery store chain, added 2.3 percent to 32.97 pesos.

Grupo Mexico SAB (GMEXICOB MM), the country’s largest mining company, increased 1.3 percent to 37.93 pesos. Copper futures for March delivery rose as much as 1.9 percent in New York.

--Editors: Richard Richtmyer, Brendan Walsh

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

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


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