Bloomberg News

Mexico Stocks: Cemex, Homex, Empresas ICA Shares Are Active

June 01, 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 1.8 percent to 37,182.37.

Mexican construction-related companies were among the worst-performing stocks on the benchmark index as American employers in May added the fewest workers in a year. Mexico sends about 80 percent of its exports to the U.S.

Cemex SAB (CEMEXCPO) , the largest cement maker in the Americas, declined 8.5 percent to 7.34 pesos. Desarrolladora Homex SAB (HOMEX* MM), Mexico’s largest homebuilder by sales, dropped 2.9 percent to 30.44 pesos. Empresas ICA SAB (ICA*) , the country’s biggest construction company, dropped 3.9 percent to 20.49 pesos.

Grupo Elektra SA (ELEKTRA*) , the retail and banking company controlled by billionaire Ricardo Salinas, fell 6.3 percent to 478.68 pesos amid concern it may exit the benchmark index in a rebalancing in September. The shares erased their 165 percent surge in 2011 and closed at the lowest since Nov. 1, 2010. It has tumbled 62 percent since April 11, when the stock exchange announced new criteria to qualify for the benchmark index.

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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