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Mexico Stocks: Televisa, Grupo Mexico Decline; Penoles Advances

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Feb. 7 (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 0.1 percent to 38,062.42.

Grupo Televisa SAB (TLEVICPO MM), the world’s largest Spanish-language broadcaster, lost 0.5 percent to 50.60 pesos. Televisa has fallen three straight sessions since Feb. 1, when the company confirmed Mexico’s antitrust agency rejected its $1.6 billion plan to enter the nation’s mobile-phone market.

Grupo Mexico SAB (GMEXICOB MM), the country’s largest mining company, declined 0.8 percent to 42.11 pesos. Copper futures for March delivery dropped as much as 1.8 percent.

Industrias Penoles SAB (PE&OLES* MM), Mexico’s largest silver producer, rose 0.2 percent to 636.11 pesos. Silver futures for March delivery gained as much as 1.8 percent to $34.37 an ounce in New York.

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