Mexico Stocks: Industrias Penoles, Elektra, Walmex Shares Gain

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 rose 0.2 percent to 36,254.70.

Retailers gained as Federal Reserve Chairman Ben S. Bernanke said he is prepared to further stimulate the U.S. economy, which buys about 80 percent of Mexico’s exports.

Wal-Mart de Mexico SAB (WALMEXV MM), Latin America’s largest retailer, climbed 1.6 percent to 34.40 pesos. Grupo Elektra SA (ELEKTRA* MM), the retail and banking company controlled by billionaire Ricardo Salinas, added 2 percent to 714.81 pesos.

Industrias Penoles SAB (PE&OLES* MM), Mexico’s largest silver producer, surged 4.2 percent to 477.24 pesos. Silver futures for September delivery jumped as much as 7.6 percent to $38.34 an ounce on the Comex in New York.

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.