Mexico Stocks: Aeroportuario del Sureste, Alfa Were Active
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 was little changed at 40,752.53.
Alfa SAB (ALFAA) , the world’s largest independent producer of aluminum engine heads, fell 3.7 percent to 219.73 pesos. The stock rose yesterday to a record high as its reading on the relative-strength index, a gauge of market momentum, increased to 76. A reading of 70 or above is a signal some investors use to indicate prices are about to drop.
Grupo Aeroportuario del Sureste SAB (ASURB MM), the operator of airports in southern Mexico, surged 8.3 percent to 113.41 pesos after a unit it half-owns won a bid to operate an airport in Puerto Rico. Aerostar Airport Holdings, owned by Mexico City-based Asur and a private equity fund known as Highstar Capital IV, will enter into a 40-year lease of Luis Munoz Marin International Airport in San Juan, according to a statement distributed by PR Newswire.
Grupo Mexico SAB (GMEXICOB) , the country’s largest mining company, advanced 1 percent to 37.64 pesos. Copper rose to a two-week high on speculation that China, the world’s largest user of the metal, will take more steps to bolster growth.
To contact the reporter on this story: Jonathan J. Levin in Mexico City at email@example.com
To contact the editor responsible for this story: David Papadopoulos at firstname.lastname@example.org