Bloomberg News

Mexico Stocks: America Movil, Grupo Mexico, Walmex Were Active

May 10, 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 0.1 percent to 39,170.90.

Wal-Mart de Mexico SAB (WALMEXV MM), Latin America’s largest retailer, climbed 2.3 percent to 35.12 pesos. Investors are underestimating the potential for the company to expand, UBS AG analysts led by Gustavo Piras Oliveira wrote in a research note e-mailed today.

America Movil SAB (AMXL) , the wireless carrier controlled by billionaire Carlos Slim, fell 0.3 percent to 17.14 pesos. The company said today that it agreed to buy a T-Mobile USA Inc. division called Simple Mobile Inc.

Grupo Mexico SAB (GMEXICOB) , Mexico’s biggest mining company, rose 0.3 percent to 39.99 pesos. Copper futures advanced as Greek efforts to form a new government and a decline in U.S. jobless claims helped assuage concerns that global growth and commodity demand will falter.

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


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus