Bloomberg News

Mexico Stocks: America Movil, Mexichem, GAP Airports Were Active

May 25, 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.

The IPC index fell 0.2 percent to 37,486.25.

America Movil SAB (AMXL) , the wireless carrier controlled by billionaire Carlos Slim, slipped 0.4 percent to 16.76 pesos. As part of a quarterly rebalancing, America Movil is expected to have its weighting cut on the IPC to 25 percent as of June 1, Banco Santander SA analysts led by Gonzalo Fernandez wrote in an e-mailed research note dated today.

Mexichem SAB (MEXCHEM*) , Latin America’s biggest maker of plastic pipe, climbed 0.6 percent to 48.61 pesos. Mexichem named Antonio Carrillo as its chief executive officer, the company said today in a statement.

Grupo Aeroportuario del Pacifico SAB (GAPB MM), the operator of airports in the Pacific and central regions of Mexico, fell 2.7 percent to 48.03 pesos after subtracting a 1.5969 peso dividend paid out today. Without the dividend effect, the shares would be up 0.6 percent, according to data compiled by Bloomberg. Separately, Hurricane Bud weakened as it neared the southeastern coast of Mexico, where the U.S. National Hurricane Center said it will probably go ashore overnight between Puerto Vallarta and Manzanillo, the site of two airports operated by the company.

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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