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
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.
Published under Cement News