Mexico Stocks: Alsea, Comerci and Televisa Shares Were Active
The following companies had unusual price changes in Mexico City trading. Stock symbols are in parentheses, and prices are as of the market close.
The IPC index rose 0.8 percent to 37,440.48.
Alsea SAB (ALSEA*) , Mexico’s largest fast-food chain operator, climbed 7.1 percent to 16.40 pesos. The stock’s 14-day relative strength index, a gauge of market momentum, was at 29.8 yesterday, the fourth day below 30. A reading of 30 or below is a signal some investors use to indicate prices may be about to rise.
Controladora Comercial Mexicana SAB (COMERUBC) , the Mexican supermarket chain that defaulted on debt in 2008, jumped 12 percent to 27.06 pesos. The company said today that it’s selling its stake in Costco Wholesale Corp. (COST)’s Mexico unit for 10.7 billion pesos.
Grupo Televisa SAB (TLEVICPO) , the world’s largest Spanish-language broadcaster, rose 2 percent to 56.15 pesos. The company won conditional antitrust approval for the $1.6 billion acquisition of a 50 percent stake in mobile-phone carrier Grupo Iusacell SA, according to a statement today from the federal antitrust commission.
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