Sept. 7 (Bloomberg) -- Mexican stocks rose for a fourth day after the Group of 20 nations agreed on steps to shore up the global financial system and commodity prices gained. Grupo Mexico SAB, the country’s biggest mining company, led gains on the Bolsa index, rebounding from two days of losses as industrial metal prices advanced in London. “While the market continues to receive this kind of positive news flow, investors will keep betting on a fast recovery in both Mexico and Brazil,” Alejandro Fuentes, an analyst at Banco Bilbao Vizcaya Argentaria’s local unit, said by phone from Mexico City. The Bolsa gained 0.1 percent to 28,325.75 as of 9:45 a.m. New York time as part of a rally in developing-market equities after finance chiefs from the G-20 nations agreed at talks in London on the weekend to plans aimed at avoiding a repeat of the global financial crisis, which drove down emerging-market stocks 54 percent in 2008. The MSCI Emerging Markets Index of equities climbed 1.3 percent to the highest level in five weeks. Markets in Brazil and the U.S. were closed for public holidays. Chile’s Ipsa rose 0.3 percent and Colombia’s IGBC added 0.1 percent. Grupo Mexico rose 0.9 percent to 22.45 pesos after copper advanced for a third day in London. Higher German factory orders and speculation that China’s government will refrain from steps to curb bank lending also lifted metal prices. “Commodities have been performing very well this year and emerging markets are benefiting from that,” said Fuentes. To contact the reporter on this story: James Attwood in Santiago at jattwood3@bloomberg.net;

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