Corporacion Moctezuma rises 7.7 per cent on high volatility and expanding price range

Corporacion Moctezuma rises 7.7 per cent on high volatility and expanding price range
Published: 17 February 2009

Corporacion Moctezuma, Mexico’s largest Construction company by market capitalisation, traded between an intraday low of MXN19.50 (US$1.37) and a high of MXN21 (US$1.48). The price range has expanded in the last two days (from 50.0 centavos two days ago to MXN1.50 today) which, accompanied by a price rise, is a bullish signal. The share price jumped MXN1.50 (or 7.7 per cent) to MXN21. Compared with the Prices & Quotations Index which rose 152.8 points (or 0.8 per cent) on the day, this represented a relative price change of 6.9 per cent.