MEXICO CITY (Reuters) – Shares in Mexican retailer Grupo Elektra rose by nearly 20% on Friday, erasing a part of the losses it has accumulated during the week. The company registered its worst-ever day of trading on Monday, after the country’s market regulator lifted a trading suspension on the shares. Despite the latest gains, its […]
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Shares in Mexico’s Elektra regain ground, erasing fraction of earlier losses
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MEXICO CITY (Reuters) – Shares in Mexican retailer Grupo Elektra rose by nearly 20% on Friday, erasing a part of the losses it has accumulated during the week.
The company registered its worst-ever day of trading on Monday, after the country’s market regulator lifted a trading suspension on the shares. Despite the latest gains, its weekly losses stand at around 70%.
(Reporting by Aida Pelaez-Fernandez; Editing by Kylie Madry)