Mexico Stocks: Soriana, Televisa, Walmex Decline; Penoles Gains
The following companies are having unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 12:23 p.m. Mexico City time.
The IPC index fell 0.3 percent to 37,265.87.
Mexican stocks followed U.S. equities lower as investors weighed developments in Europe’s efforts to tame its debt crisis.
Wal-Mart de Mexico SAB (WALMEXV MM), Latin America’s largest retailer, fell 1.2 percent to 38.50 pesos. Organizacion Soriana SAB (SORIANAB) , Mexico’s second-largest grocery store chain, declined 1.1 percent to 32 pesos.
Grupo Televisa SA (TLEVICPO) , the world’s largest Spanish-language broadcaster, fell 0.3 percent to 56.7 pesos as Mexico’s antitrust agency prepares to consider its planned $1.6 billion investment in mobile-phone carrier Grupo Iusacell SA. The antitrust agency’s board plans to discuss the transaction in a meeting tomorrow, according to its website. It has until Feb. 7 to deliver a decision.
Industrias Penoles SAB (PE&OLES*) (PE&OLES* MM), Mexico’s largest silver producer, rose 1.7 percent to 624.49 pesos. Silver futures for March delivery increased as much as 3.5 percent to $32.775 an ounce on the Comex, the highest since Dec. 8.
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