Bloomberg News

Mexico Stocks: Wal-Mart de Mexico, ICA, Cemex Shares Were Active

May 21, 2012

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

The IPC index gained 1.7 percent to 37,512.41.

Most Mexican stocks rallied, led by construction-related companies, as China signaled it would support growth and German and French officials said they will work to keep Greece in the euro, buoying confidence in the global economy.

Empresas ICA SAB (ICA*) , the country’s biggest construction company, jumped 5.4 percent to 20.66 pesos.

Cemex SAB (CEMEXCPO) , the largest cement maker in the Americas, climbed 6.9 percent to 7.64 pesos.

Wal-Mart de Mexico SAB (WALMEXV MM), Latin America’s largest retailer, gained 4.4 percent to 37.33 pesos. It was raised to hold from sell at Deutsche Bank AG by Reinaldo Santana, an analyst at the firm.

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