Bloomberg News

Mexico Stocks: Azteca, Asur, Grupo Mexico Shares Are Active

April 09, 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 climbed 0.1 percent to 39,432.15.

TV Azteca SAB (AZTECACP MM), Mexico’s second-largest broadcaster, fell 0.6 percent to 8.07 pesos. Banco Bilbao Vizcaya Argentaria SA rated the shares “underperform” in new coverage, according to a research note from Mexico City-based analyst Alejandro Gallostra, who cited slowing advertising growth.

Grupo Aeroportuario del Sureste SAB (ASURB MM), the operator of airports in southern Mexico, rose 1.3 percent to 93.05 pesos, extending gains from last week, when a report showed passenger flows increased. Traffic climbed 9.1 percent in March from a year earlier, according to a statement to the Mexican stock exchange on April 4.

Grupo Mexico SAB (GMEXICOB) , the country’s largest mining company, declined 1.8 percent to 39.27 pesos. Copper declined in New York after the U.S. added fewer jobs than analysts forecast in March and inflation picked up in China, the world’s biggest consumer of the metal.

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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