Mexico Stocks: Grupo Elektra, Comerci, America Movil, Walmex
The following companies are having unusual price changes in Mexico City trading. Stock symbols are in parentheses, and prices are as of 11:36 a.m. local time.
The IPC index rose 0.8 percent to 38,828.94.
Grupo Elektra SA (ELEKTRA*) , the retail and banking company controlled by billionaire Ricardo Salinas, climbed 1.7 percent to 544 pesos. The shares have climbed 34 percent since the company announced before markets opened on June 19 that it had unwound some equity derivative positions, increasing its percentage of floating shares and buoying optimism it would remain on the nation’s benchmark index.
Controladora Comercial Mexicana SAB (COMERUBC MM), the Mexican supermarket chain that agreed this month to sell its stake in Costco de Mexico, rose 1.7 percent to 28.4 pesos.
Wal-Mart de Mexico SAB (WALMEXV MM), which fell 5.1 percent yesterday after lowering its forecast for this year’s store openings, rose 1.7 percent today to 35.15 pesos.
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