Bloomberg News

Mexico Stocks: Soriana, Kimberly-Clark, Elektra Were Active

March 27, 2012

The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of the close of trading.

The IPC index rose 0.2 percent to 38,956.32.

Consumer-related stocks were among the biggest gainers as the IPC extended its advance after rising yesterday to a record. Confidence among U.S. consumers in March held close to the highest level in a year. Mexico sends about 80 percent of its exports to the U.S.

Kimberly-Clark de Mexico SAB (KIMBERA MM), Mexico’s biggest consumer-products company, rose 2.9 percent to 26.71 pesos. Organizacion Soriana SAB (SORIANAB) , a Mexican supermarket operator, rose 1.7 percent to 36 pesos.

Empresas Ica SAB (ICA*) , Mexico’s biggest construction company, fell 1.3 percent to 23.89 pesos. The company named Chief Operating Officer Alonso Quintana as its next chief executive officer, replacing Jose Luis Guerrero Alvarez. Quintana, 38, the son of Chairman Bernardo Quintana, will take the job on July 1, the Mexico City-based company said yesterday in a filing to the country’s stock exchange.

Grupo Elektra SA (ELEKTRA*) , the retail and banking company controlled by billionaire Ricardo Salinas, jumped 3.5 percent to 1,217.40 pesos. Shareholders approved a dividend of 2 pesos a share, according to a filing yesterday to Mexico’s stock exchange.

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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