date:Jul 28, 2014
Fomento Economico Mexicano SAB, owner of Latin Americas biggest convenience-store chain, fell the most in a year as company executives said taxes on sodas and junk food hurt store traffic.
Shares of Femsa dropped 3.8 percent to 124.69 pesos at 1:52 p.m. in Mexico City, its biggest slide on a closing basis since April 2013.
The company was the worst performer after tortilla purveyor Gruma SAB on the benchmark IPC equity index, which decreased 0.1 percent.
Femsa executives said on a conference