Mexico Stocks: Cemex, Grupo Mexico, Wal-Mart de Mexico Advance
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 (MEXBOL) rose 3.1 percent to 36,829.15. At 9:43 a.m. local time, the exchange called an “administrative recess,” or a halt in trading usually taken to sort out technical problems. Stocks extended gains when trading resumed about an hour later.
Alberto Maya, a spokesman for the exchange operator, didn’t return a request for comment on the cause of the stoppage.
Mexican stocks followed U.S. equities higher as central banks acted to make additional funds available to lenders.
Cemex SAB (CEMEXCPO) (CEMEXCPO), the largest cement maker in the Americas, rose 6.9 percent to 6.34 pesos. Grupo Televisa SA (TLEVICPO) , the world’s largest Spanish-language broadcaster, jumped 8 percent to 56.59 pesos. Wal-Mart de Mexico SAB (WALMEXV) , Latin America’s largest retailer, advanced 3.9 percent to 36.90 pesos.
Grupo Mexico SAB (GMEXICOB) , the country’s largest mining company, rose 4.2 percent to 36.85 pesos. Copper futures for March delivery jumped as much as 7.2 percent in New York. Mexico’s copper production increased 79 percent in September to 36,692 metric tons from the same month a year earlier, the national statistics institute said on its website.
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