Mexico stocks surge, led by America Movil, Walmex

MEXICO CITY, March 31 (Reuters) - Mexican stocks rallied to a four-month high on Monday, buoyed by gains in telecom bellwether America Movil (AMXL.MX: Quote, Profile, Research) and retailers like Wal-Mart de Mexico (Walmex) (WALMEXV.MX: Quote, Profile, Research) and telecom bellwether America Movil (AMXL.MX: Quote, Profile, Research).

The benchmark IPC index .MXX gained 3.28 percent to 31,075 points. (Reporting by Michael O'Boyle and Vanessa Padilla)