Mexico Stocks: Alfa, America Movil, Comerci, Femsa Advance

Jan. 16 (Bloomberg) -- The following companies had unusual price changes in Mexico trading. Stock symbols are in parentheses and prices are as of the close of trading.

The IPC index rose 1 percent to 36,916.16.

Mexican stocks followed European equities higher as France auctioned debt at a lower borrowing cost, even after Standard & Poor’s stripped the country of its top credit rating.

Controladora Comercial Mexicana SAB (COMERUBC MM), a Mexican supermarket chain, gained 4 percent to 26.21 pesos. Fomento Economico Mexicano SAB (FEMSAUBD MM), Latin America’s largest Coca-Cola bottler, rose 1.1 percent to 92.98 pesos. America Movil SAB (AMXL MM), the wireless carrier controlled by billionaire Carlos Slim, rose 1.1 percent to 15.30 pesos.

Alfa SAB (ALFAA MM), Mexico’s largest privately-owned chemical company, jumped 8.6 percent to 170.99 pesos. Its Alpek SA unit filed for a possible initial public offering, according to a statement sent Jan. 13 after markets had closed.

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