Mexican retailer La Comer's shares jump after preliminary index inclusion
MEXICO CITY (Reuters) - Shares of Mexican retailer La Comer jumped around 5.5% to trade at 35.87 pesos on Monday, after the S&P Dow Jones said the stock would be preliminarily included in its S&P/BMV IPC index as part of a reshuffle.
S&P Dow Jones would confirm the inclusion on Friday, and the changes to the index would be effective from Sept. 23.
La Comer would be replacing retailer Grupo Elektra, owned by Mexican magnate Ricardo Salinas, which saw trading suspended in July after the company said it had received information regarding a possible fraud.
Source: Investing.com
