The following companies are having unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 11:54 a.m. local time.
The IPC index was little changed at 37.068.36.
Grupo Famsa SAB (GFAMSAA MM), a Mexican retailer, gained 3.4 percent to 12.66 pesos. The company had its recommendation raised to “hold” from “underperform” by Banco Santander SA, according to an e-mailed research note from analysts Joaquin Ley and Paloma Campos, who cited the “severe correction” in the share price.
Retailers: Same-store sales jumped 5.8 percent in October, the biggest increase since July, helped by a 9.4 percent rise in sales at existing department stores, according to a report yesterday from the country’s retail association, known as Antad.
Wal-Mart de Mexico SAB (WALMEXV MM), Latin America’s largest retailer, rose 0.6 percent to 34.80 pesos. Organizacion Soriana SAB (SORIANAB MM), Mexico’s second-largest grocery store chain, gained 1.5 percent to 30.53 pesos.
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