Homex Rises as Trading Resumes After Reporting Narrower Loss
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Desarrolladora Homex SAB, Mexico’s biggest homebuilder by 2012 revenue, advanced as it resumed trading following a two-week suspension after the company said its loss narrowed in the third quarter.
The shares gained 2.7 percent to 3.02 pesos at 3 p.m. in Mexico City after surging as much as 15 percent in the steepest intraday gain since Oct. 17. Homex tumbled by that amount Oct. 28, just before the exchange halted trading because the homebuilder didn’t comply with rules requiring companies to publish timely financial reports.