America Movil, Grupo Mexico and Usiminas: Latin Equity Movers
Following are the stocks that are most active in Brazilian and Mexican markets. In Brazil, the preferred share is usually the company’s most-traded class of stock.
The Bovespa index of the most-traded stocks on the Sao Paulo Stock Exchange rose 98.52, or 0.4 percent, to 27,178.62 at 10:38 a.m. New York time. Mexico’s bolsa fell 19.54, or 0.1 percent, to 14,539.65.
Mexico
America Movil (AMXL MM), Latin America’s biggest cell phone company, rose 6 centavos, or 0.5 percent, to 11.68 pesos, after falling 2.8 percent yesterday. Mexico reported that the economy expanded a less-than-expected 3.1 percent yesterday. America Movil, controlled by billionaire Carlos Slim, has gained 20 percent this year. Profit more than doubled in the second-quarter after the company added more clients than any other carrier in the western hemisphere, America Movil said last month.
Grupo Mexico SA (GMEXICOB MM), the world’s fourth-largest copper producer, fell 25 centavos, or 1.2 percent, to 20.5 pesos. The company’s unionized workers staged a one-hour work stoppage on Aug. 15 to support a strike by steelworkers who are members of the same union. The Miners and Metalworkers National Union will hold off from planned walkouts today while its leaders meet with government officials and executives of steelmaker Grupo Villarreal SA. Copper prices in New York fell 3.6 percent today as inventories surged.
More: bloomberg.com
Bradesco, Grupo Mexico, Televisa, Usiminas: Latin Equity Movers
The following are the most-active stocks in Brazilian and Mexican markets today. In Brazil, the preferred share is usually a companys most-traded class of stock.
The Bovespa index of the most-traded stocks on the Sao Paulo Stock Exchange dropped 761.47, or 2 percent, to 36,605.87 at 12:05 p.m. New York time. Mexicos Bolsa index declined 597.80 or 2.9 percent, to 19,731.69.
Brazil
Banco Bradesco SA (BBDC4 BS), the countrys second biggest non-state bank by market value, fell 1.61 reais, or 2.3 percent, to 68.89 reais. The stock gained 14 percent in the
Grupo Mexico, America Movil, Braskem: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Commodity prices yesterday had their biggest drop in seven months after a drop in oil prices eased the threat of inflation. Copper for March delivery dropped 5.2 cents, or 2.2 percent, to $2.278 a pound on the Comex division of the New York Mercantile Exchange, the biggest decline since Dec. 14. Prices earlier reached a record $2.339. The shares of the world's fourth-largest
Grupo Mexico, Usiminas, Brasil Telecom: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
TV Azteca SA (TVAZTCPO MM): Mexico's second-largest television broadcaster yesterday said its Azteca America unit, which serves the Spanish-speaking market in the U.S., signed an agreement with Comcast Corp., the world's largest cable- television provider. The agreement will allow Azteca America to offer programming through Comcast's network in the U.S., TV Azteca said in a statement to the Mexican exchange. TV Azteca shares
Grupo Mexico, Cemig, Bradesco, Aracruz: Latin Equity Movers
Following are the stocks that are most active in Brazilian and Mexican markets. In Brazil, the preferred share is usually the company's most-traded class of stock.
The Bovespa index of the most-traded stocks on the Sao Paulo Stock Exchange rose 388.19, or 1.3 percent, to 30,665.41 at 10:52 a.m. New York time. Mexico's Bolsa index rose 76.53, or 0.5 percent, to 15,542.94.
Mexico
Grupo Mexico (GMEXICOB MM), Mexico's largest copper producer, rose 28 centavos, or 1.4 percent, to 21 pesos. Copper prices rose to a record in New York for the seventh session
Asur, Grupo Mexico, Vale do Rio, Usiminas: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Aeroportuario del Sureste SA (ASURB MM): The operator of nine Mexican airports plans to spend $150 million to add a new terminal and runway to its airport in the resort city of Cancun, the Mexican Transportation Ministry said in an e-mailed statement yesterday. The Mexico City-based company, known as Asur, will spend $100 million to build a third terminal
Bradesco, Petrobras, Grupo Mexico, Geo: Latin Equity Preview
Mexico's largest homebuilder by market value is the best performer in the country's benchmark stock index this year to date, with a 66 percent gain. The shares fell 10 centavos, or 0.3 percent, to 36.90 pesos yesterday.
America Movil SA (AMXL MM): Latin America's largest mobile- phone company have gained 63 percent this year, the second-best performance on the Mexican stock index after Geo. The shares fell 3 centavos, or 0.2 percent, to 15.86 pesos yesterday.
Grupo Mexico SA (GMEXICOB MM): Copper, Grupo Mexico's main product, rose to a record 41,970 yuan
Aug. 19 (Bloomberg) -- The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Mexico SA (GMEXICOB MM): Copper prices rose yesterday in New York for a third day this week, resuming a rally that pushed the metal to a record Aug. 16. Inventories monitored by the London Metal Exchange today fell 350 metric tons, or 0.6 percent, the first drop since Aug. 3. Shares of Grupo Mexico, the world's fourth-largest copper producer, fell 1 centavo, or 0.1 percent,
Televisa, Grupo Mexico, Petrobras: Latin America Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Grupo Televisa SA (TLEVICPO MM): The world's largest producer of Spanish-language television programming said yesterday it hasn't made an agreement with a third party to buy Univision Communications Inc., contrary to media reports. The shares rose 96 centavos, or 2.3 percent, to 42.27 pesos.
Grupo Mexico SA (GMEXICOB MM): Copper rose for a third consecutive session in London yesterday after global inventories of
Grupo Mexico, Acindar, CPFL, Grendene: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Mexico SA (GMEXICOB MM): Asarco LLC, the U.S. mining unit of Grupo Mexico SA, said it will hire hourly employees to replace union workers after talks failed to end a 10-week strike at copper mines and plants in Arizona and Texas. Grupo Mexico shares fell 34 centavos, or 1.8 percent, to 19.01 pesos.
Vitro SA (VITROA MM): Rising international natural gas prices
Grupo Mexico, Axtel, Gol, Tractebel: Latin Equity Preview
The following stocks may make significant gains or losses in Latin America today. Symbols are in parentheses after the company name and stock prices are from the last session.
Mexico
Grupo Mexico (GMEXICOB MM): Mexico's antitrust agency may block Grupo Carso SA, the Mexican industrial group controlled by billionaire Carlos Slim, from selling its railroad to copper producer Grupo Mexico SA, said Eduardo Perez Motta, president of Mexico's Federal Competition Commission yesterday. Grupo Mexico, which operates the Mexican railroad Ferromex, announced on Nov. 25 it agreed to buy Ferrosur SA in exchange
