Bloomberg News

Mexico Stocks: Cemex, Grupo Famsa Advance; Televisa Drops

February 02, 2012

Feb. 2 (Bloomberg) -- The following companies are having unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 1:24 p.m. local time.

The IPC index was little changed at 37,705.73.

Mexican equities were little changed in line with U.S. stocks as investors await tomorrow’s U.S. jobs data to gauge the economic outlook. Mexico sends about 80 percent of its exports to the U.S.

Grupo Famsa SAB (GFAMSAA MM), a Mexican retailer, gained 5.4 percent to 12.69 pesos. Gruma SAB (GRUMAB MM), Mexico’s largest maker of corn flour for tortillas, gained 1.7 percent to 29.65 pesos.

Cemex SAB (CEMEXCPO MM), the largest cement maker in the Americas, rose 7.3 percent to 9.76 pesos. The company said its fourth-quarter loss narrowed to 14 cents per American depositary receipt today in a statement, beating the average estimate of 17 cents in a survey of eight analysts compiled by Bloomberg. The company’s shares rose for a fourth consecutive day.

Grupo Televisa SAB (TLEVICPO MM), the world’s largest Spanish-language broadcaster, fell 3.6 percent to 51.01 pesos. Televisa fell for the 10th time in 11 days after Mexico’s antitrust agency rejected its $1.6 billion plan to enter the nation’s mobile-phone market.

--Editors: Glenn J. Kalinoski, Richard Richtmyer

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


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