Saturday, September 23, 2023

Controladora Axtel closes its first week on the stock market with a profit

actions of excel controllerA telecommunications subsidiary of industrial group Alpha just ended its first week Mexican Stock Exchange With a gain of 0.94% at 0.323 pesos per unit.

In market value, the company earned 14.47 million pesos from its parent company Alpha in its first five days of operation as an independent issuer.

Although the company’s shares closed on its first day on Tuesday mexican stock market After debuting at an opening price of 0.32 pesos, with a loss of 41.88% to 0.186 pesos per unit, investors reevaluated their positions during the week and gained 57.53% on Tuesday, lost 6.83% on Wednesday and Finally on Friday he got the lead in 13.33. % to close at 0.323 pesos per unit.

Valentine Mendozadeputy director of stock market analysis actinover, He explained that the sudden movement was due to a restructuring of the portfolio, as investors were re-evaluating their exposure to Grupo Alfa’s telecom business.

“Earlier, when you participated in Alpha, you wanted to approach the food business; For Petrochemical Division and Telecom Division. Now that investors can choose their exposure among various businesses of the group, it has restructured the portfolio”, said the expert. Actinver,

Carlos Gonzalez, Director of Analysis Monex Brokerage Houseexplained that the spin-off of Controldora Excel As an independent alpha broadcaster part of a “value release” strategy.

“The market tends to punish collective assets, being a combination they punish flows. What the company has done is release value with spin-offs of its subsidiaries like namek and newpack”, explained the manager.

(Tags to translate) Excel (T) BMV

World Nation News Desk
World Nation News Desk
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