Mexico Stocks: Aeromexico, Penoles, Sports World Shares Advance
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 0.1 percent to 36,785.34.
Grupo Aeromexico SAB (AEROMEX*) (AEROMEX* MM), Mexico’s largest airline by passengers, rose for the ninth time in 10 days, advancing 3.5 percent to 24.49 pesos. Oil declined for a third day as German industrial output weakened, signaling cheaper fuel costs that may spur air travel.
Grupo Sports World SAB (SPORTS) , a Mexican gym operator, climbed 2.9 percent to 12.98 pesos. Revenue will increase 50 percent in 2012 from the previous year because of new openings and a projected pickup in memberships, the company said in a filing.
Industrias Penoles SAB (PE&OLES*) (PE&OLES* MM), Mexico’s largest silver producer, gained 1.5 percent to 616.38 pesos. Silver futures for March delivery rose as much as 1.8 percent to $29.21 an ounce on the Comex.
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