The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of the close of trading.
The IPC index (MEXBOL) rose 0.9 percent to 37,103.17. Earlier, the gauge briefly dropped as much as 0.5 percent as Industrias Penoles SAB plunged about 9 percent in less than a minute. A Penoles investor relations official said the company didn’t know the reason for the drop. The stock recovered most of its losses within about three minutes.
Separately, Mexico’s manufacturing index rose to 53.3 in November, the Mexican Institute of Finance Executives, or IMEF, said today. Economists forecast the gauge would be 52, according to the median of four estimates in a Bloomberg survey.
Industrias Penoles SAB (PE&OLES* MM), Mexico’s largest silver producer, erased earlier losses to close 0.5 percent higher at 625.11 pesos.
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