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Mexico stocks rise sharply on America Movil, Femsa
April 9, 2013 / 5:38 PM / 4 years ago

Mexico stocks rise sharply on America Movil, Femsa

MEXICO CITY, April 9 (Reuters) - Mexican stocks rose sharply on Tuesday, helped by a 2 percent gain in shares of billionaire Carlos Slim’s America Movil and an over 3 percent jump in bottler and convenience store operator Femsa.

The IPC stock index rose 1.1 percent to 43,908 points as stocks gained for a second straight session. Mexican stocks have recovered nearly half of a 9 percent slump off a record high and look set to test resistance around 44,250 hit early this month.

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