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Mexican Stocks: Bimbo, Cemex Decline; Comercial Mexicana Gains

Dec. 22 (Bloomberg) -- The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of 4 p.m. New York time.

The IPC index fell 0.2 percent to 38,172.91.

Cemex SAB (CEMEXCPO MM), the largest cement maker in the Americas, broke a four-day rally, declining 1.4 percent to 13.18 pesos. The Commerce Department reported today that the economy in the U.S., Cemex’s second-largest market, expanded at a slower-than-forecast pace in the third quarter.

Consumer-goods companies also fell on the report.

Grupo Bimbo SAB de CV (BIMBOA MM), the world’s largest bread maker, sank 0.7 percent to 104.61 pesos.

Kimberly-Clark de Mexico SAB de CV (KIMBERA MM), the nation’s biggest consumer products company, dropped 1.5 percent to 74.86 pesos.

Controladora Comercial Mexicana SAB (COMERUBC MM), a Mexican supermarket chain, climbed 3.1 percent to 14.33 pesos, the highest closing price since the company’s 2008 default. Investors are optimistic about the “cheap” stock after the company reached a restructuring deal last month, said Jorge Lagunas, who manages about $200 million at Mexico City-based Grupo Financiero Interacciones SA.

-- With assistance by Andres R. Martinez in Mexico City. Editor: Glenn J. Kalinoski, Brendan Walsh

To contact the reporter on this story: Jonathan J. Levin in Mexico City at jlevin20@bloomberg.net.

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

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