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Mexico Stocks: Soriana, Televisa, Walmex Decline; Penoles Gains

Jan. 23 (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 fell 0.5 percent to 37,195.73.

Mexican stocks followed U.S. equities lower as investors weighed developments in Europe’s efforts to tame its debt crisis.

Wal-Mart de Mexico SAB (WALMEXV MM), Latin America’s largest retailer, fell 1.4 percent to 38.42 pesos. Organizacion Soriana SAB (SORIANAB MM), Mexico’s second-largest grocery store chain, declined 0.6 percent to 32.17 pesos.

Grupo Televisa SA (TLEVICPO MM), the world’s largest Spanish-language broadcaster, fell 1.2 percent to 56.21 pesos as Mexico’s antitrust agency prepares to consider its planned $1.6 billion investment in mobile-phone carrier Grupo Iusacell SA. The antitrust agency’s board plans to discuss the transaction in a meeting tomorrow, according to its website. It has until Feb. 7 to deliver a decision.

Industrias Penoles SAB (PE&OLES* MM), Mexico’s largest silver producer, rose 1 percent to 620.30 pesos. Silver futures for March delivery increased as much as 3.5 percent to $32.775 an ounce on the Comex, the highest since Dec. 8.

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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