Economic Calendar

Wednesday, July 9, 2008

Aeroportuario Pacifico, Ferreyros, Oma: Latin Equity Preview

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By William Freebairn

July 9 (Bloomberg) -- The following stocks may have significant gains or losses in Latin American markets. Symbols are in parentheses after company names, and stock prices are from the last session.

The MSCI index of Latin American shares fell 0.3 percent to 4,372.12 yesterday. Markets in Argentina and Brazil are closed today for holidays.

Mexico

Grupo Aeroportuario del Centro Norte SAB (OMAB MM): The operator of 13 Mexican airports said passenger traffic rose 3.1 percent in June from a year earlier. Passenger use increased 6.4 percent in Monterrey, the company's largest city, the company said in a statement to Mexico's stock exchange yesterday. Oma, as the company is known, gained 2.2 percent to 22.55 pesos.

Grupo Aeroportuario del Pacifico SAB (GAPB MM): Mexico's second-largest airport operator handled 4.8 percent fewer passengers in June than a year earlier. International passenger traffic fell 3.5 percent and domestic travel declined 5.4 percent, the company said in a statement to Mexico's stock exchange yesterday. Gap, as the company also is known, rose 0.3 percent to 30.93 pesos.

Peru

Ferreyros SA (EF/C PE): The Peruvian importer of Caterpillar Inc. tractors and other heavy machinery said it will appeal a government order that it owes taxes, interest and fines of 6.2 million soles ($2.2 million). The back taxes are from 2005, Ferreyros said in a filing with Peru's market regulator yesterday. Ferreyros fell 1.2 percent to 4.10 pesos.

To contact the reporter on this story: William Freebairn in Mexico City at wfreebairn@bloomberg.net.


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