Although the weakening US dollar has led to a corresponding drop in the value of the Mexican peso, ...
Although the weakening US dollar has led to a corresponding drop in the value of the Mexican peso, the Mexican Bolsa Index has managed to add just over 88 points year to date, a modest percentage increase of 1.39%. However, general company performance has been patchy during 2002 with 15 companies on the Bolsa out of 36 posting negative returns over the year to date. Chief among the poor performers was Grupo Iusacell, a mobile telecommunications company which has fallen 53% year to date. This was followed by Empresas ICA, an engineering and construction company, which has dropped near...
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