Mexico Stocks: Banorte, Bimbo, Femsa, Kimberly-Clark Decline
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 fell 0.8 percent to 37,384.21.
Mexican stocks sank as results missed projections at U.S. companies including Google Inc. and General Electric Co.
Fomento Economico Mexicano SAB (FEMSAUBD) , Latin America’s largest Coca-Cola bottler, fell 2.3 percent to 90.06 pesos. Grupo Bimbo SAB (BIMBOA) , the world’s largest bread maker, slipped 2.8 percent to 28.99 pesos. Grupo Financiero Banorte SAB (GFNORTEO) , Mexico’s third-largest bank by outstanding loans, dropped 1.1 percent to 50.80 pesos.
Kimberly-Clark de Mexico SAB (KIMBERA MM), Mexico’s biggest consumer products company, fell 0.3 percent to 75.49 pesos. Fourth-quarter net income dropped 22 percent from a year earlier to 938 million pesos ($71 million), the Mexico City-based company said yesterday in a statement sent after markets closed.
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