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Mexico Stocks: Compartamos, Industrias Penoles, Corp. Geo

March 8 (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 0.7 percent to 37,815.43.

Mexican stocks gained in line with U.S. equities as U.S. government data showed jobless claims remained at a level consistent with an improving economy. Greece moved closer to reaching an accord with bondholders, as private investors agreed to swap about 85 percent of their Greek government bonds for new securities, according to a banker briefed on the results.

Mexico’s annual inflation rate fell in February for the first time in five months, slowing to 3.87 percent from 4.05 percent in January, the national statistics agency reported today.

Compartamos SAB (COMPARC* MM), the holding company that controls low-income lender Banco Compartamos SA, gained 4.7 percent to 13.99 pesos. Axtel SAB (AXTELCPO MM), Mexico’s second-largest land-line phone company, gained 2.5 percent to 4.47 pesos.

Corp. Geo SAB (GEOB MM), Mexico’s second-largest homebuilder by sales, advanced 3.4 percent to 19.32 pesos. The company is seeking a banking license for its lending unit, newspaper El Economista reported today, citing an interview with Geo Chief Executive Officer Luis Orvananos.

Industrias Penoles SAB (PE&OLES* MM), Mexico’s largest silver producer, rose 1 percent to 635.34 pesos as silver futures for May delivery gained for a second day in New York.

To contact the reporter on this story: Christine Jenkins in New York at cjenkins28@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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