Mexico peso slides on IMF warning; stocks rise

(Recasts, updates peso falling on IMF, adds Cetes data)

MEXICO CITY, June 9 (Reuters) - Mexico's peso fell sharply on Tuesday, a day after the IMF warned of growing risks facing emerging economies, but stocks gained, boosted by Banorte bank.

The peso MXN=MEX01 lost more than 1 percent against the dollar in afternoon trade, after International Monetary Fund's warning on Monday that some emerging economies, including Mexico, could face balance of payments troubles due to large external funding needs.

The peso was down 0.69 percent at 13.545 per dollar.

The IPC stock index .MXX added 0.51 percent to 25,061 points.

Banorte (GFNORTEO.MX: Quote, Profile, Research) (XNOR.LA: Quote, Profile, Research), which made its debut on the Madrid Stock Exchange on Tuesday, was up 1.81 percent to 33.20 pesos, giving up much of its earlier gains.

America Movil (AMXL.MX: Quote, Profile, Research), Latin America's biggest cell phone company, added 0.68 percent to 25.07 pesos.

Mexican consumer prices fell 0.29 percent in May, more than analysts had expected, bringing the annual inflation reading down to 5.98 percent from 6.17 percent in April, the central bank said.

In debt trading, Mexico's benchmark 10-year bond MX10YT=RR rose 6 basis points to 8.08 percent. The central bank sold 28-day Cetes at Tuesday's regular auction at yields slightly above the previous week. (Reporting by Cyntia Barrera Diaz; Editing by Leslie Adler)