Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

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.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bolsa Soars as Exchange Tops Profit Estimates: Mexico City Mover

July 19 (Bloomberg) -- Bolsa Mexicana de Valores, the operator of Mexico’s stock exchange, rose the most on the country’s benchmark index after second-quarter earnings beat analysts’ estimates for the first time since 2011.

The shares gained 5.9 percent to 32.50 pesos at 1:36 p.m. in Mexico city, the biggest jump since May 3. It was the best performance on the benchmark IPC index, which fell 0.9 percent.

“It was a very good period in terms of new equity offerings,” Martin Lara, an analyst at Corp. Actinver SAB, said in a telephone interview from Mexico City.

Mexico City-based Bolsa said yesterday in a regulatory filing that second-quarter profit increased 19 percent from a year earlier to 219 million pesos. Sales climbed 15 percent to 520.6 million pesos. Earnings per share on an adjusted basis was 37 centavos, exceeding the 32-centavo average estimate of six analysts surveyed by Bloomberg.

“The second quarter of 2013 was one of strong results, especially in listings,” including four equity offerings and one real-estate trust, Bolsa Chief Executive Officer Luis Tellez said on a conference call yesterday.

Mexican companies raised more than $2 billion in equity sales in the second quarter, with four follow-ons and the initial public offering of Hoteles City Express SAB.

To contact the reporter on this story: Newley Purnell in New York at npurnell1@bloomberg.net

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

Please upgrade your Browser

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

Chrome, Firefox, Safari, Opera or Internet Explorer.