MEXICO CITY (Reuters) – Shares in Mexican retailer Grupo Elektra sank by nearly 11% in afternoon trading on Wednesday, more than wiping out the ground recovered the day before. Shares in the company controlled by billionaire Ricardo Salinas had closed up about 6.5% on Tuesday, clawing back some of the losses logged on Monday when […]
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Shares in Mexico’s Elektra slide, wiping out day-earlier gains
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MEXICO CITY (Reuters) – Shares in Mexican retailer Grupo Elektra sank by nearly 11% in afternoon trading on Wednesday, more than wiping out the ground recovered the day before.
Shares in the company controlled by billionaire Ricardo Salinas had closed up about 6.5% on Tuesday, clawing back some of the losses logged on Monday when shares tanked 70%.
(Reporting by Kylie Madry)