The following companies are having unusual price changes in Mexico City trading. Stock symbols are in parentheses and prices are as of 10:37 a.m. local time.
The IPC index rose 0.6 percent to 40,522.69.
Fomento Economico Mexicano SAB (FEMSAUBD MM), owner of Latin America’s largest convenience-store chain, fell 0.8 percent to 117.03 pesos. Barclays Plc initiated coverage on the the beverage company with an “overweight” rating.
Grupo Televisa SAB (TLEVICPO MM), the world’s largest Spanish-language broadcaster, rose 0.5 percent to 58.44 pesos. The company said July 10 that net income slid to 1.4 billion pesos ($105 million) in the second quarter from 1.66 billion pesos a year earlier. Sales rose 12 percent.
Mexichem SAB (MEXCHEM* MM) rose 1.6 percent to 58.75 pesos. Mexichem, Latin America’s biggest maker of plastic pipes, said its sewer pipe maker in the Netherlands, Wavin NV, renegotiated bank debt.