Bloomberg News

Mexico Stocks: Asur, ICA, Cemex, Homex, Urbi Shares Were Active

June 06, 2012

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

The IPC index rose 0.5 percent to 37,274.79.

Grupo Aeroportuario del Sureste SAB (ASURB MM), the operator of airports in southern Mexico, fell 1.7 percent to 99.64 pesos. Passenger traffic rose 4.4 percent in May from a year earlier, a slower pace than the 5.6 percent growth in April, according to a statement sent to the Mexican stock exchange today.

Empresas ICA SAB (ICA*) , the country’s biggest construction company, advanced 1.5 percent to 21.14 pesos. ICA Fluor, a joint venture between ICA and Fluor Corp., signed a contract worth $95 million with Mexican oil producer Petroleos Mexicanos to build an offshore production platform, according to a statement sent to the stock exchange after markets had closed yesterday.

Construction-related companies were among the best- performing stocks on the benchmark index amid bets global policy makers will act to stimulate the economy.

Cemex SAB (CEMEXCPO) , the largest cement maker in the Americas, gained 3.4 percent to 7.56 pesos. Desarrolladora Homex SAB (HOMEX*) , Mexico’s largest homebuilder by sales, rose 1.9 percent to 29.83 pesos. Urbi Desarrollos Urbanos SAB (URBI*) , Mexico’s third-largest homebuilder, jumped 2.6 percent to 11.79 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


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