Shares in Mexico's Elektra regain ground, erasing fraction of earlier losses
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FILE PHOTO: The logo of Elektra is seen on the facade of the corporate building in Mexico City, Mexico, June 14, 2024. REUTERS/Henry Romero/File Photo
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)
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