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4-Traders Homepage  >  Equities  >  Mexican Stock Exchange  >  Wal-mart de Mexico S A B de C V    WALMEX *   MX01WA000038

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Mexico's Stocks Close Lower; Peso Weakens Against Dollar

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02/05/2016 | 11:09pm CET

By Anthony Harrup

MEXICO CITY -- Mexican stocks closed lower Friday in line with U.S. equities, while the peso weakened against the U.S. dollar as oil prices slipped.

The IPC index of leading issues ended down 1.2% at 43,230 points on volume of 228.1 million shares worth 6.55 billion pesos ($355 million).

Telecommunications heavyweight America Movil shares fell 1.3% to MXN13.02, and cement maker Cemex shares closed 1.8% lower at MXN9.25.

Wal-Mart de Mexico shares rose 2.6% to MXN47.22 after the retailer reported strong January sales. Walmex said its same-store sales in Mexico were up 9.7% on the year, while total sales grew 10.9%. Central American sales were also higher than in January 2015.

Credit Suisse called it an impressive start to the year. According to management, "the strong increase in same-store sales is coming across formats, with self-service, Sam's and Suburbia all posting strong figures. Across categories, staples, general merchandise, and apparel are all contributing to the positive result too," the firm said in a report.

The U.S. dollar gained following the U.S. January employment report, which was mixed as payrolls increased less than expected but the unemployment rate fell.

The peso was quoted in Mexico City at MXN18.4695 to the dollar, compared with MXN18.2530 late Thursday.

The depreciation triggered dollar sales by the central bank, which placed $356 million at several auctions. The Bank of Mexico offers $200 million when the peso weakens 1% from the previous day's fix, and an additional $200 million if the slide extends to 1.5%.

Write to Anthony Harrup at [email protected]

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Financials ( MXN)
Sales 2017 574 B
EBIT 2017 43 598 M
Net income 2017 36 275 M
Finance 2017 18 638 M
Yield 2017 5,10%
P/E ratio 2017 21,70
P/E ratio 2018 23,64
EV / Sales 2017 1,36x
EV / Sales 2018 1,26x
Capitalization 797 B
Chart WAL-MART DE MEXICO S A B D
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Wal-mart de Mexico S A B d Technical Analysis Chart | WALMEX * | MX01WA000038 | 4-Traders
Technical analysis trends WAL-MART DE MEXICO S A B D
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TrendsBearishBearishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 46,7  MXN
Spread / Average Target 2,4%
EPS Revisions
Managers
NameTitle
Guilherme Loureiro President, Chief Executive Officer & Director
Enrique Ostalé Cambiaso Executive Chairman
Juan Carlos Alarcón Vice President-Operations & Human Resources
Olga González Aponte Chief Financial Officer
Blanca Avelina Treviño de Vega Independent Director
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DOLLAR GENERAL CORP.15.43%23 202
DOLLARAMA INC53.32%13 276
DON QUIJOTE HOLDINGS CO LTD15.14%7 003