Bloomberg News

Mexico Stocks: Coca-Cola Femsa, Aeromexico, Televisa Were Active

July 11, 2012

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

The IPC index rose 0.4 percent to 40,221.80.

Coca-Cola Femsa SAB (KOFL) fell 8.2 percent to 163.32 pesos, the most in three years, after executives at companies the soda maker bought out last year sold a portion of their stakes. The bottler’s stock rallied 34 percent this year through yesterday.

Grupo Aeromexico SAB de CV (AEROMEX* MM) rose 1.9 percent to 22.49 pesos, closing with a ninth straight gain. The Mexican airline reported a 6.1 percent increase in passengers for the first half of the year.

Grupo Marti SAB (GMARTI*) rose 1.9 percent to 11 pesos. Investor Alfredo Harp Helu offered to buy all the company’s shares in circulation for 11.80 pesos each. The proposed transaction depends on approval from the National Banking and Securities Commission, Grupo Marti said yesterday in a statement to the stock exchange.

Grupo Televisa SAB (TLEVICPO) , the world’s largest Spanish-language broadcaster, rose 1.3 percent to 57.79 pesos. Sales increased 12 percent in the second quarter to 17 billion pesos, according to a filing sent by the company to Mexico’s stock exchange yesterday. The total beat the average estimate of 16.6 billion pesos among seven analysts surveyed by Bloomberg.

To contact the reporter on this story: Patricia Laya in New York at playa2@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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