Bloomberg News

Argentine Stock Movers: Ternaris SA, Siderar SAIC, YPF SA

September 29, 2011

Sept. 29 (Bloomberg) -- The following companies had unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as of 4 p.m. New York time.

The Merval Index rose 0.1 percent to 2,518.07.

Industrial companies rose in line with global stocks after U.S. reports tempered concern the economic rebound was in jeopardy and German lawmakers backed expansion of a European bailout fund.

Tenaris SA (TS AR), the world’s largest producer of seamless steel tubes, rose 0.8 percent to 61 pesos.

Siderar SAIC (ERAR AF), Argentina’s largest steel producer, increased 0.9 percent to 21.8 pesos.

YPF SA (YPFD AF) fell 1.2 percent to 167 pesos. Repsol YPF SA, the Spanish company that is the parent of Argentina’s largest oil producer, urged Petroleos Mexicanos to abandon a shareholder agreement with Sacyr Vallehermoso SA regarding Spain’s Repsol YPF SA.

--Editors: Glenn J. Kalinoski, Brendan Walsh

To contact the reporter on this story: Camila Russo in Buenos Aires at

To contact the editor responsible for this story: David Papadopoulos at

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