Mexican Stocks: Alfa, Modelo, Kimberly Gain; Televisa Declines

The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 4 p.m. New York time.

The IPC index fell 0.2 percent to 36,988.38.

Alfa SAB (ALFAA MM) jumped 3.3 percent to 174.41 pesos. Alfa agreed to buy AT&T Inc.’s stake in Alestra SA, giving it 100 percent of the telecommunications company.

Controladora Comercial Mexicana SAB (COMERUBC MM) slipped 0.4 percent to 19.67 pesos. The Mexican supermarket chain was cut to “underperform” from “outperform” at Grupo Financiero BBVA Bancomer SA by analyst Miguel Ulloa Suarez.

Grupo Mexico SAB (GMEXICOB MM), the country’s largest mining company, declined 2.7 percent to 39.93 pesos. Twelve of 20 analysts, investors and traders surveyed by Bloomberg, or 60 percent, said prices of copper will drop next week. Five predicted a gain and three expected little change.

Grupo Modelo SA (GMODELOC MM), Mexico’s largest beer maker, advanced 1.7 percent to 74.60 pesos. The brewer’s first-quarter profit rose 3 percent as increased shipments to the U.S. and Mexico made up for higher marketing expenses.

Grupo Televisa SA (TLEVICPO) tumbled 1.5 percent to 52.45 pesos. The world’s largest Spanish-language broadcaster said first-quarter profit fell 18 percent as its broadcast- advertising business slowed.

Kimberly-Clark de Mexico SAB (KIMBERA MM) advanced 2.6 percent to 72.06 pesos. Mexico’s biggest consumer products company reported first-quarter net income of 980 million pesos ($83.8 million).

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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