Mexico Stocks: Alfa, Geo, Grupo Mexico, Industrias Penoles Gain
Stock Chart for Grupo Mexico SAB de CV (GMEXICOB)
The following companies are having unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 12:01 p.m. local time.
The IPC index (MEXBOL) rose 0.5 percent to 37,503.34.
Mexican stocks followed U.S. equities higher after data showed manufacturing in the U.S., Mexico’s largest trading partner, grew in December at the fastest pace in six months.
Corp. Geo SAB (GEOB) , Mexico’s second-largest homebuilder, rose 2.7 percent to 18.06 pesos. Urbi Desarrollos Urbanos SAB (URBI*) , Mexico’s third-largest homebuilder, gained 2.8 percent to 16.58 pesos. Alfa SAB (ALFAA) , the world’s largest producer of aluminum engine heads, advanced 2.3 percent to 158 pesos.
Industrias Penoles SAB (PE&OLES*) (PE&OLES* MM), Mexico’s largest silver producer, gained 1 percent to 618 pesos. Silver futures for March delivery rose as much as 6.5 percent to $29.73 an ounce on the Comex.
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 reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.