Bloomberg News

Mexico Stocks: Sare Holding, Banregio, Geo, Cemex Are Active

May 28, 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 gained 0.4 percent to 37,642.80.

Construction-related companies were among the biggest gainers in Mexico as polls showed Greece’s pro-bailout parties gained ground, boosting optimism in higher-yielding emerging- market assets.

Corp. GEO SAB (GEOB) , Mexico’s second-largest homebuilder, climbed 2.5 percent to 14.03 pesos. Cemex SAB (CEMEXCPO) , the largest cement maker in the Americas, advanced 1.2 percent to 7.77 pesos.

Sare Holding SAB (SAREB) , Mexico’s fifth-largest publicly-traded homebuilder, fell 0.8 percent to 1.21 pesos. The company was classified in “selective default” by Standard & Poor’s after changes were made to the original conditions on bonds it sold.

Banregio Grupo Financiero SAB (GFREGIO) , a Mexican lender focused on loans to small and medium-sized businesses, rose 0.4 percent to 36.50 pesos. The bank’s national scale rating was raised to AA- from A+ by Standard & Poor’s today.

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


Cash Is for Losers
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus