Mexico Stocks: Coca-Cola Femsa, Soriana, Pochteca 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 0.1 percent to 40,268.41.
Coca-Cola Femsa SAB (KOFL) increased 2.4 percent to 167.18 pesos. Jugos del Valle SAPI, a Latin American juice maker owned by Coca-Cola Co. (KO) and eight bottlers, is acquiring Mexican dairy producer Santa Clara Mercantil de Pachuca SA. Femsa tumbled 8.2 percent yesterday, the most in three years, after executives at companies the soft drink maker bought last year sold a portion of their stakes.
Organizacion Soriana SAB (SORIANAB) , Mexico’s second- largest retailer, fell 0.2 percent to 40.39 pesos. Shares have fallen in eight out of the last nine days since July 2 after allegations that Mexican politicians gave out gift cards from its stores to voters before the nation’s July 1 election.
Grupo Pochteca SAB (POCHTECB) rose 7.5 percent to 3.17 pesos. 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.
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