Bloomberg News

Mexico Stocks: Banorte, Genomma Lab, OHL Mexico Were Active

May 17, 2012

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

The IPC index fell 0.7 percent to 37,261.24.

OHL Mexico SAB (OHLMEX*) , the Mexican unit of Spanish construction company Obrascon Huarte Lain SA, tumbled 7.9 percent to 15.93 pesos. The shares are down 21 percent since the company confirmed on May 10 that the state of Puebla voided a concession with its unit Autovias Concesionadas OHL.

Mexico’s economy grew at the fastest pace in more than a year in the first quarter as U.S. demand picked up.

Grupo Financiero Banorte SAB (GFNORTEO MM), Mexico’s third- largest bank by outstanding loans and the only traditional lender on the IPC, jumped 3 percent to 61.32 pesos. Genomma Lab Internacional SAB (LABB) , the Mexican producer of over-the- counter drugs, added 1.7 percent to 24.25 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


The Good Business Issue
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus