Mexico Stocks: Femsa, Televisa, Mexichem Are Active
(Corrects date of Televisa release in fourth paragraph.)
The following companies are having unusual price changes in Mexico City trading. Stock symbols are in parentheses and prices are as of 10:37 a.m. local time.
The IPC index rose 0.6 percent to 40,522.69.
Fomento Economico Mexicano SAB (FEMSAUBD) , owner of Latin America’s largest convenience-store chain, fell 0.8 percent to 117.03 pesos. Barclays Plc initiated coverage on the the beverage company with an “overweight” rating.
Grupo Televisa SAB (TLEVICPO) , the world’s largest Spanish-language broadcaster, rose 0.5 percent to 58.44 pesos. The company said July 10 that net income slid to 1.4 billion pesos ($105 million) in the second quarter from 1.66 billion pesos a year earlier. Sales rose 12 percent.
Mexichem SAB (MEXCHEM*) rose 1.6 percent to 58.75 pesos. Mexichem, Latin America’s biggest maker of plastic pipes, said its sewer pipe maker in the Netherlands, Wavin NV, renegotiated bank debt.
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