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Strategies & Market Trends : Aardvark Adventures

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Dec 2 3:59 PM EST

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To: ~digs who wrote (1204)	7/15/2005 11:08:13 PM
From: ~digs	of 7944

Mexico's Stocks Extend Record Rally finance.myway.com Mexico's stocks closed higher Thursday, building on recent record gains as investors anticipate good second quarter financial results from local companies. The market's key IPC index closed up 0.6% to 14085 points in Mexico City. The index posted its second consecutive record close Wednesday, ending the session above 14000 points for the first time ever. Among top Mexican gainers, cement group Cemex's (CX) CPO shares were 0.7% higher and wireless communications provider America Movil's (AMX) Class L shares advanced 1.1%. America Movil says it expects to report 1.4 million new additions for the quarter in its core Mexican market. Also higher Thursday were the CPO shares in broadcaster Televisa, (TV) which rose 0.7% ahead of the company's second-quarter report. Deutsche Ixe said it expects a strong quarter for Televisa, which completed the transfer of subscribers to its Sky brand satellite TV service from DirecTV. The brokerage also said campaign advertising by politicians seeking their parties' candidacies for the 2006 presidential election should bring early benefits to both Televisa and rival broadcaster TV Azteca (TZA), most likely in the second half of the year. TV Azteca's shares were down 1.8%.

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