Mexico Stocks: Chedraui, Wal-Mart de Mexico Gain; Mexichem Drops
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 1.1 percent to 36,628.06.
Mexican stocks rose, reversing earlier losses, as consumer staples and retail companies benefited from holiday sales.
Grupo Comercial Chedraui SA (CHDRAUIB MM), the supermarket chain based in Xalapa, Mexico, rose 1.7 percent to 34.28 pesos. Grupo Modelo SA (GMODELOC) , Mexico’s largest beer maker, advanced 2.3 percent to 88.82 pesos. Wal-Mart de Mexico SAB (WALMEXV) , Latin America’s largest retailer, rose 1.5 percent to 37.46 pesos.
Mexichem SAB (MEXCHEM*) , Latin America’s biggest maker of plastic pipes, declined 0.2 percent to 45.15 pesos. The company said in an e-mailed statement that it’s still seeking to acquire Wavin NV.
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