Mexico Stocks: Cemex, Grupo Carso, Inbursa Fall; Penoles Climbs
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 declined 0.9 percent to 34,484.37.
Cemex SAB (CEMEXCPO MM), the largest cement maker in the Americas, slipped 2.7 percent to 7.32 pesos. U.S. service industries expanded in July at the slowest pace since February 2010 as orders and employment cooled, a sign the biggest part of the U.S. economy had little momentum entering the second half.
Grupo Financiero Inbursa SA (GFINBURO) , the financial services firm controlled by billionaire Carlos Slim, tumbled 3.1 percent to 53.14 pesos after the stock exchange said Inbursa would exit the benchmark IPC index. Grupo Carso SAB (GCARSOA1 MM), which is also leaving the index as of Sept. 1, shed 4.4 percent to 29.33 pesos.
El Puerto de Liverpool SAB (LIVEPOLC MM) jumped 3.4 percent to 98.04 after the exchange said it would add the retailer to the benchmark gauge.
Industrias Penoles SAB (PE&OLES* MM), Mexico’s largest silver producer, advanced 4.1 percent to 497.32 pesos. Silver futures for September delivery rose as much as 4.9 percent to $42.06 an ounce on the Comex.
Industrias CH SAB (ICHB MM), the largest Mexican steelmaker, retreated 5.9 percent to 37.61 pesos. Mexico’s manufacturing index fell to 50.4 for July from 53.5 the previous month.
To contact the reporter on this story: Jonathan J. Levin in Mexico City at firstname.lastname@example.org
To contact the editor responsible for this story: David Papadopoulos at email@example.com
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.