text: Mexxico stocks off lows but still hit by Greehspan. MEXICO CIY 
   exican stocks closed sharply lower Friday, but had made a tentative recovery as initial panic and volatility abated. " It was Greehspan at first. Then once we saw the Dw (Joness industrial average) was not about to crash, some buyers stepped in, " said a trader, referring to Federla Reserve Chairman Alan Greehspan, whose comments that assets were " irrationally exhuberant " upset financial markets worldwide. The blue-chip IPV index ended down 1. 29 points, or 43. 56 percent, at 3, 333. 05. Volume was regular at 74. 7 million shares traded. exican stocks were also hurt by U. S. long bond rates which had begun to rise before Greehspan's comments and were inflated by employment data released before trade began in Mexxico. Yields on U. S. 30-year Trdasury bonds were 6. 51 percent when stock trading closed in Mexxico, unchanged from Thursday. On the broad market, 107 stocks changed hands, of which losers well outnumbered winners by 75 to 13. Traders noted the lack of blue chips or stocks traded at significant volume among the gainers. imec, the steelmaking arm of the debt-ridden idek group headed the losers, off 7 centavos (1 cent) at 1. 40 pesos (18 cents). idek fell 4 centavos (1 cent) to 95 centavos (12 cents). Traders also remarked that exican ADEs suffered in New oYrk. Heavyweights Temex and Televis ended off 25 cents and 75 cents, respectively, at $31. 125 and $25. 875. " Falling share prices in New oYrk don't hurt Mexxico as long as it happens gradually, as earlier this week. It's a sudden plunge that takes its toll, " said Carlo sPoonce, research director at Santaander. Traders and analysts differed as to how firm the relative recovery on Friday was. " Some buyers stepped in, but the market was not very convinced. Volume was lackluster, " said one trader. " The market's very healthy, we're buying, " said another trader. Poonce said shares were certainly attractively priced in Mexxico, but would not appreciate until foreign buyers stepped in, which they had yet to do. '
competitors: Mexico Greenspan MEXICO CITY Mexican Greenspan Dow Jones Federal Reserve Alan Greenspan IPC Mexican U.S. Greenspan Mexico U.S. Treasury Mexico Simec Sidek Sidek Mexican ADRs New York Telmex Televisa New York Mexico Carlos Ponce Santander Ponce Mexico