The actions of the Railway Unit of Grupo México rose after they announced that it plans to leave the local stock market, which for years has suffered a series of darters and a drought of initial public offers.
The Titles of Grupo México Transportes (GMXT) earned 0.98% to 35,010 pesos after getting about 3% in the morning.
Lee: The peso returns to the level of the 18 units per dollar
The company, which debuted in 2017 in the stock market, reported earlier that it will propose to its shareholders the cancellation of its titles in an extraordinary assembly scheduled for June 27.
“We anticipate some volatility in the price of GMXT’s shares until we have more details about the spell process,” said Ramón Ortiz, Actinver analyst.
The firm said that at the meeting it will also considerate its shareholders the approval of a new financing line, although it did not offer details of the transaction.
With Reuters information
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