GameStop and other social media darlings rebounded in calmer trading on Wednesday from their sharp sell-off in the prior session as investors turned their focus to the possibility of tighter U.S. trading regulations.
By Reuters Staff
(Adds closing price)
MEXICO CITY, Feb 2 (Reuters) - Shares in Mexican conglomerate Alfa dropped more than 16% on Tuesday before partly recovering, the first day of trading on the local stock exchange after index provider MSCI said it would remove the company from its Global Standard Indexes.
Alfa’s shares were trading 8% lower at 11.86 pesos per share shortly before noon local time after falling as much as 16.28% after the market opened, which prompted the stock exchange to temporarily halt trading.
The stock closed down 6.7% at 12.03 pesos.
Alfa said in a statement that it did not know the reasons for the decline in its shares.
By Reuters Staff
(Adds closing price)
MEXICO CITY, Feb 2 (Reuters) - Shares in Mexican conglomerate Alfa dropped more than 16% on Tuesday before partly recovering, the first day of trading on the local stock exchange after index provider MSCI said it would remove the company from its Global Standard Indexes.
Alfa’s shares were trading 8% lower at 11.86 pesos per share shortly before noon local time after falling as much as 16.28% after the market opened, which prompted the stock exchange to temporarily halt trading.
The stock closed down 6.7% at 12.03 pesos.
Alfa said in a statement that it did not know the reasons for the decline in its shares.
Google parent Alphabet Inc on Tuesday topped quarterly sales expectations for its advertising and Cloud businesses, helped in part by the pandemic, and said it will resume big spending on hiring and facility construction.
India's tobacco industry will object to a proposal to ban smoking zones in hotels and prohibit advertising at cigarette kiosks as the government steps up anti-smoking efforts, two executives said on Wednesday.