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 rose 0.3 percent to 37,903.58.
Alfa SAB (ALFAA MM), the world’s largest producer of aluminum engine heads, climbed 3.1 percent to 165.15 pesos. The Mexican Institute of Financial Executives, or IMEF, said its index of manufacturing climbed to 54.1 in March, exceeding a median estimate for 53.5 among analysts surveyed by Bloomberg.
Industrias Penoles SAB (PE&OLES* MM), Mexico’s largest silver producer, advanced 0.2 percent to 432.41 pesos. Silver for May delivery in New York gained 2 percent to $38.494 an ounce after reaching $38.62, the highest for a most-active contract since February 1980. The metal has more than doubled in the past 12 months.
Organizacion Soriana SAB (SORIANAB MM), Mexico’s second-largest grocery store chain, slipped 1.4 percent to 41.70 pesos. Soriana’s same-store sale may have dropped 1.7 percent in the first quarter of 2011 from the same period last year, according to a note Goldman Sachs Group Inc. e-mailed to clients, which cited increased competition and a “soft consumer environment.”