Mexico Stocks: Televisa, Walmex, Pochteca 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 close of trading.
The IPC index rose 0.2 percent to 40,049.59.
Grupo Pochteca SAB (POCHTECB) fell 7.2 percent to 2.85 pesos, trimming recent gains in the stock after growth optimism spurred a 33 percent rally in the two days ended July 6. Antonio del Valle, who invested in a 300 million peso ($22.5 million) capital increase for Pochteca in April, said in an interview published July 4 that the company would pursue acquisition- driven growth.
Grupo Televisa SAB (TLEVICPO) , the world’s largest Spanish-language broadcaster, rose 0.9 percent to 57.06 pesos. Sales increased 12 percent in the second quarter to 17 billion pesos, beating the average estimate of 16.6 billion pesos by seven analysts tracked by Bloomberg.
Wal-Mart de Mexico SAB (WALMEXV MM), Latin America’s largest retailer, gained 1.8 percent to 35.45 pesos. The company’s same-store sales rose 5.3 percent in June, according to a statement e-mailed yesterday.
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