Bloomberg News

Mexico Stocks: Bolsa Mexicana Advances; America Movil Drops

February 13, 2012

Feb. 10 (Bloomberg) -- The following companies are having unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 2:20 p.m. local time.

The IPC index fell 0.7 percent to 37,986.25.

America Movil SAB (AMXL MM), the biggest mobile-phone carrier in the Americas, dropped 2.5 percent to 15.17 pesos. The wireless carrier controlled by billionaire Carlos Slim reported fourth-quarter profit that missed analysts’ estimates as costs rose to recruit new subscribers and service debt.

Bolsa Mexicana de Valores SAB (BOLSAA MM), the operator of Mexico’s securities exchange, gained 1.6 percent to 24.49 pesos. The company is “starting the year on the right foot” and shares could benefit from better-than-expected fourth-quarter results, Santander said today in an e-mailed research note.

--Editor: Glenn J. Kalinoski

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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