The following companies are having unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 1:35 p.m. Mexico City time.
The IPC index rose 0.2 percent to 37,619.24.
Mexican stocks gained in line with U.S. equities as Greece moved closer to completing a debt-swap deal and U.S. government data showed jobless claims remained at a level consistent with an improving economy in Mexico’s biggest trading partner. In a separate report, Mexico’s annual inflation rate fell in February for the first time in five months, slowing to 3.87 percent from 4.05 percent in January.
Compartamos SAB (COMPARC*) (COMPARC* MM), the holding company that controls low-income lender Banco Compartamos SA, gained 1.8 percent to 13.6 pesos. Corp. Geo SAB (GEOB) , Mexico’s second- largest homebuilder, advanced 2.8 percent to 19.2 pesos. Axtel SAB (AXTELCPO) , Mexico’s second-largest land-line phone company, gained 2.1 percent to 4.45 pesos.
To contact the reporter on this story: Christine Jenkins in New York at firstname.lastname@example.org
To contact the editor responsible for this story: David Papadopoulos at email@example.com