Mexico Stocks: Comerci, Banorte, Televisa Shares Were Active
The following companies had unusual price changes in Mexico City. Stock symbols are in parentheses, and prices are as of the close of trading.
The IPC index fell 0.1 percent to 37,247.34.
A retailer and a bank were among the biggest gainers in Mexico after China cut interest rates for the first time since 2008, spurring speculation more central banks will act to encourage economic growth.
Controladora Comercial Mexicana SAB (COMERUBC) , a Mexican supermarket chain, jumped 2.6 percent to 25.31 pesos. Grupo Financiero Banorte SAB (GFNORTEO) , Mexico’s third- largest bank by outstanding loans, advanced 2.2 percent to 62.11 pesos.
Grupo Televisa SAB (TLEVICPO) , the world’s largest Spanish-language broadcaster, ended little changed at 54.45 pesos after earlier gaining as much as 2 percent. Televisa’s plan to acquire a 50 percent stake in Grupo Iusacell SA was approved yesterday with conditions by Mexico’s antitrust agency, Mexico City-based newspaper Reforma said without citing a source.
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