Mexico Stocks: Corp. Geo, Grupo Famsa, Chedraui 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 0.4 percent to 39,408.61.
Corp. Geo SAB (GEOB) , Mexico’s second-biggest homebuilder by sales, fell 3.7 percent to 15.83 pesos, its second day of declines. Free cash flow to equity was negative 2.1 billion pesos, deteriorating from negative 1.9 billion pesos a year earlier, the Mexico City-based company said in a May 2 report.
Grupo Comercial Chedraui SAB (CHDRAUIB) , the supermarket chain based in Xalapa, Mexico, rose 1.4 percent to 34.87 pesos. Mexico’s consumer confidence index rose to 97.2 in April, from 93.4 in March, the national statistics agency reported today on its website. Analysts had estimated an increase to 93.7, according to the median forecast of six economists surveyed by Bloomberg.
Grupo Famsa SAB (GFAMSAA) , Mexico’s second-worst performing small-cap stock in the first quarter, soared for the second day, jumping 6.8 percent to 12.40 pesos. Famsa is planning an “orderly exit” from the western U.S., where it has 22 stores in California, one in Nevada and one in Arizona, according to a report posted May 2 on its website.
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