Mexico Stocks: Elektra Falls; Comerci, Homex, Grupo Bimbo Gain
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) fell 0.3 percent to 37,077.52. The 35-company index lost 3.8 percent this year.
Grupo Elektra SAB (ELEKTRA* MM), the banking and retail company controlled by billionaire Ricardo Salinas, fell 1.2 percent to 1,385.72 pesos. Mexico’s central bank said bank lending rose 9.7 percent in November from a year earlier.
Retailers gained as consumers shopped for gifts to celebrate Epiphany, or Kings’ Day, on Jan. 6. Controladora Comercial Mexicana SAB (COMERUBC MM) rose 4.4 percent to 23.41 pesos and Wal-Mart de Mexico SAB (WALMEXV) gained 0.5 percent to 38.23 pesos.
Some homebuilders and foodmakers rose ahead of a remittances (MXRETOT$) report to be released by Mexico’s central bank on Jan. 2. Money sent back to the country from workers living abroad probably rose to $1.78 billion in November from $1.63 billion a year ago, according to the median estimate from four economists surveyed by Bloomberg.
Desarrolladora Homex SAB (HOMEX*) , Mexico’s largest homebuilder, rose 4 percent to 39.03 pesos.
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