Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Mexico Stocks: Modelo, Cemex, Alfa, Grupo Mexico Were Active

Don't Miss Out —
Follow us on:

June 25 (Bloomberg) -- The following companies had unusual price changes in Mexico City trading. Stock symbols are in parentheses and prices are as of the close of trading.

The IPC index climbed 0.2 percent to 39,157.51. Twenty-eight stocks fell while seven climbed.

Alfa SAB (ALFAA MM), the world’s largest producer of aluminum engine heads, advanced 5 percent to 199.47 pesos. Citigroup Inc.’s Banamex unit resumed coverage of the company with a buy recommendation, according to an e-mailed research note by analyst Luis Vallarino, who said the company will benefit from an auto industry recovery in the U.S. and Mexico.

Cemex SAB (CEMEXCPO MM), the largest cement maker in the Americas, climbed 7.7 percent to 8.53 pesos. The company said it’s meeting with banks in a bid to extend the maturity on a 2009 loan agreement by three years. The proposal would push the maturity to 2017 and include a $1 billion debt payment in 2013, Monterrey, Mexico-based Cemex said today in a statement.

Grupo Modelo SAB (GMODELOC MM), Mexico’s largest beer maker, climbed 19 percent to 116.87 pesos. Anheuser-Busch InBev NV may spend about $20 billion to double its stake in Modelo to 100 percent, according to a person with knowledge of the matter. After the stock jumped, the Mexico City-based brewer said in a statement to the stock exchange that it’s in strategic talks with AB InBev to expand its relationship.

Grupo Mexico SAB (GMEXICOB MM), the country’s largest mining company, fell 2 percent to 38.22 pesos. Copper fell in New York amid concern European leaders meeting this week will come up short in efforts to contain the region’s debt crisis.

To contact the reporter on this story: Jonathan J. Levin in Mexico City at

To contact the editor responsible for this story: David Papadopoulos at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.