Mexican Airport Operator ADRs Fall on Tariff Change
By Josh Beckerman
Three Mexican airport operators had declines of more than 20% in prices of their American depositary receipts Thursday after Mexico's Federal Civil Aviation Agency changed the terms of tariff base regulation.
Grupo Aeroportuario del Pacífico, which said late Wednesday that the regulation was amended unilaterally and without any previous communication with the company, was down 24% to $125.09. The ADRs are down about 14% for the year.
Grupo Aeroportuario del Sureste ADRs were down 20% to $194.79, having fallen about 16% for the year, and Grupo Aeroportuario del Centro Norte ADRs slid 31% to $61.01.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 05, 2023 15:15 ET (19:15 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.-
What’s Happening in the Markets This Week
-
Worst-Performing Stock ETFs of the Quarter
-
Q3 in Review and Q4 2024 Market Outlook
-
Top-Performing Stock ETFs of the Quarter
-
September Jobs Report Forecasts Show Moderate Hiring Gains
-
Port Strike a Headache for Shippers but a Potential Tailwind for Certain US Transport Stocks
-
13 Charts on Q3′s Roller-Coaster Rally for Stocks and Bonds
-
5 Stocks to Buy Instead of Overpriced US Equities
-
Consumer Defensives: Despite Angst, Thirsty Investors Have Names to Pursue
-
Industrials: Many Stocks Overvalued After Q3 Outperformance
-
Basic Materials: Despite Index Rise, We See Multiple Long-Term Opportunities
-
What the Election Could Mean for Big Tech Stocks
-
3 Lessons From Recent Stock Market Drama
-
Consumer Cyclicals: Even Amid Moderating Consumer Spending, We See Discounts
-
Healthcare: Valuations Look Fair Overall, With Select Industries Still Undervalued
-
Utilities: Falling Interest Rates, Growth Outlook Boosting Stocks