Latin America Stock Market Roundup

Mexican stocks edged higher Wednesday as second-tier issues, like shares in glass maker Vitro SA, staged recoveries. The market's key IPC index closed up 27.07 points or 0.2 percent to 13,550.14.

Volume totaled 84.3 million shares traded worth 1.43 billion pesos.

The Dow Jones Industrial Average, meanwhile, retreated 0.3 percent to 10,374.48.

Among Mexican gainers, Vitro's A shares soared 7.1 percent to 7.89, recovering a bit from a recent bout of selling. The shares remain significantly lower than where they stood about a month ago, at 8.61, or from their 11.37 level at the start of the year.

Investors are concerned about Vitro's flat glass division, which should be enjoying a boom amid a flurry of construction in Mexico. First-quarter results, though, disappointed

600450 Latin America Stock Market Roundup
Date: 5 July 2005

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