Mexican Commentary April 25, 2009
Mexican ADRs lagged in the increase for the MexCom clearstation.com portfolio at the close on April 24, 2009. It stands at $407,159.28 for 38 individual items that originally had $10,000 representation for each and is ranked # 22 on Clearstation.com, up one slot from the previous day. No changes were made to the list yesterday.
Home builders led the advance with LEN at 9.97 up 1.30, 14.99% and RYL at 23.30 up 2.04, 9.68%. One outstanding Latin stock is Brazilian SDA at 5.14 up 0.65, 14.47%. GMK continued as the best performing Mexican stock on the list 2.63 up 0.23, 9.58%. This was purchased in my IRA account yesterday. Profit taking continues in RC 6.10 down 0.75, 10.94%.
According to the Bank of Mexico, the peso closed at 13.2318 to the US Dollar.
On the Bolsa in Mexico City, the IPC index at 22,582.170 advanced by 3.34%.
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