Mexico Stocks: Pochteca, Bio Pappel, America Movil Are Active

The following companies are having unusual price changes in Mexico City trading. Stock symbols are in parentheses and prices are as of 11:22 a.m. local time.

The IPC index fell 0.4 percent to 39,885.88.

Bio Pappel SAB (PAPPEL*) rose 9.4 percent to 7.88 pesos after earlier climbing as much as 13 percent, the biggest intraday jump since May 4. The company said a member of its control group acquired 23 million shares in the second quarter, according to a statement sent to the Mexican bourse yesterday.

America Movil SAB (AMXL) fell 0.3 percent to 17.27 pesos. The company’s Telmex lost a lawsuit seeking to force the government to grant it a license to offer pay-TV service, El Universal newspaper columnist Maricarmen Cortes wrote, citing the Communications and Transportation Ministry’s legal director, Gerardo Sanchez Henkel.

Grupo Pochteca SAB (POCHTECB) soared 16 percent to 3.11 pesos, extending its two-day rally to 30 percent. Antonio del Valle, who invested in a 300 million peso capital increase for Pochteca in April, said in a June 21 telephone interview that the company would pursue acquisition-driven growth.

To contact the reporter on this story: Patricia Laya in New York at playa2@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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