Bloomberg News

Mexico Stocks: Cemex SAB, Consorcio Ara SAB Are Active

March 23, 2012

The following companies are having unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 8:44 a.m. local time.

The IPC index rose 0.2 percent to 38,404.31.

Construction-related companies led declines among Mexican stocks as sales of new homes unexpectedly dropped in the U.S., Mexico’s top export market. New home sales fell 1.6 percent to a 313,000 annual pace, the slowest since October, from a 318,000 rate in January that was weaker than previously reported, figures from the Commerce Department showed today in Washington. The median estimate of 78 economists surveyed by Bloomberg called for a pace of 325,000.

Cemex SAB (CEMEXCPO) , the largest cement maker in the Americas, slipped 0.4 percent to 10.07 pesos. Consorcio Ara SAB (ARA*) , a Mexican homebuilder, fell 0.2 percent to 4.33 pesos.

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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