Mexico Stocks: Sare Holding, Grupo Elektra Shares Were Active
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 0.1 percent to 39,354.86.
Sare Holding SAB (SAREB) , a Mexican homebuilder, jumped 2 percent to 1.55 pesos. The company may meet its goal of selling about 1 billion pesos in assets this year ahead of schedule, investor relations official Mauricio Suarez said in a telephone interview from Mexico City.
Grupo Elektra SA (ELEKTRA*) , the banking and retail company controlled by billionaire Ricardo Salinas, fell 1.7 percent to 908.72 pesos. Investor concern has been spreading to the debt market, with yields on Elektra’s dollar bonds due 2018 climbing 61 basis points in the past week. The exchange published new rules on April 11 that may cut the company’s weighting in half, according to a research note from Banco Santander SA. (SAN)
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