Bloomberg News

Mexico Stocks: Gruma, Grupo Mexico, Comerci

January 31, 2012

(Corrects date of report release in third paragraph.)

Jan. 30 (Bloomberg) -- The following companies are having unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 11:48 a.m. local time.

The IPC index increased 0.2 percent to 37,241.61.

Mexican retailers and companies dependent on consumer demand rose ahead of a Feb. 1 report from the central bank on remittances data from December. The amount of money sent home by Mexicans living abroad increased 8.4 percent from a year earlier, according to the median forecast of eight economists surveyed by Bloomberg.

Gruma SAB (GRUMAB MM), Mexico’s largest maker of corn flour for tortillas, gained 2.5 percent to 28.20 pesos. Controladora Comercial Mexicana SAB (COMERUBC MM), a Mexican supermarket chain, climbed 2.3 percent to 25.54 pesos. Wal-Mart de Mexico SAB (WALMEXV MM), Latin America’s largest retailer, increased 1.2 percent to 39.67 pesos.

Grupo Mexico SAB (GMEXICOB MM), the nation’s largest mining company, fell 0.7 percent to 40.91 pesos. Copper declined 1.6 percent in New York to $3.8280 per pound.

--Editors: Brendan Walsh, David Papadopoulos

To contact the reporter on this story: Christine Jenkins in New York at cjenkins28@bloomberg.net

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


Monsanto vs. GMO Haters
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus