By Amy Guthrie
MEXICO CITY--Mexican stocks rose Monday as new weightings in the
local stock index helped drive activity in spite of U.S. markets
being closed for the Labor Day holiday.
The IPC index of Mexico's most-traded shares rose 1.2% to 39938
points on volume of 29 million shares worth 835 million pesos ($106
million), while the peso was quoted in Mexico City at MXN13.3140 to
the U.S. dollar versus its MXN13.3700 close Friday.
The market tone was positive overall following encouraging
economic data out of China and Europe.
Cement maker Cemex, one of the stocks whose weight in the IPC
index increased, rose 1.6% to MXN15.41 Monday.
In corporate news, soft drink bottler Coca-Cola Femsa agreed to
purchase the second largest privately owned Coke bottler there for
$1.86 billion, another acquisition in the fast-consolidating
Brazilian Coca-Cola system. The addition will expand Coca-Cola
Femsa's volume in Brazil by 40%, the company said, lifting the
bottler's share of the country's Coca-Cola system to 39%.
The bottler Coca-Cola Femsa agreed to buy, Spaipa S.A. Industria
Brasileira de Bebidas, may be the last large piece of the system
available to the Mexican bottler, Credit Suisse said in a note.
Coca-Cola Femsa shares were up 3.2% to MXN164.28.
Write to Amy Guthrie at amy.guthrie@wsj.com