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Mexican Stocks: Alfa, Cemex, Kimberly-Clark, Wal-Mart de Mexico

Feb. 2 (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 added 0.9 percent to 37,948.75, extending gains after jumping the most since November in the previous session.

Retail and consumer goods: Companies in the U.S. added more workers than forecast to payrolls in January, showing a pickup in the labor market, according to figures from ADP Employer Services. Mexican growth is tied to the U.S., which buys about 80 percent of its exports.

Kimberly-Clark de Mexico SAB (KIMBERA MM), Mexico’s biggest consumer products company, advanced 4 percent to 70.50 pesos. Wal-Mart de Mexico SAB (WALMEXV MM), Latin America’s largest retailer, gained 3.8 percent to 35.60 pesos.

Alfa SAB (ALFAA MM), the world’s largest producer of aluminum engine heads, fell 0.5 percent to 142.17 pesos. The company had its recommendation cut to “neutral” from “buy” at UBS AG by analyst Marimar Torreblanca, who said the stock’s rally since September made it unlikely that it would continue to surge in 2011.

Cemex SAB (CEMEXCPO MM) declined 0.6 percent to 11.45 pesos. Egyptian President Hosni Mubarak sought to reclaim Cairo’s streets as his supporters clashed with protesters demanding the president’s ouster, and leading rival Mohamed ElBaradei called on the army to step in. The Middle East and Africa, led by Egypt, accounted for 7.5 percent of the cement maker’s revenue in 2009. The company will report fourth-quarter earnings tomorrow.

Empresas ICA SAB (ICA* MM) gained 3.2 percent to 32.42 pesos. The country’s biggest construction company sold $400 million of 10-year bonds, an increase from earlier plans to sell $300 million, according to data compiled by Bloomberg.

Grupo Bimbo SAB (BIMBOA MM), the world’s largest bread maker, slumped 1.9 percent to 102.04. The company plans to exercise an option to acquire 100 percent of the shares in Compania de Alimentos Fargo SA, Mexican newspaper El Semanario reported on its website, citing shareholder Fernando Chico Pardo. The company’s press department didn’t respond to requests for comment made by phone and e-mail.

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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