Bloomberg News

Argentine Stocks: Edenor and Molinos Advance; YPF Falls

October 13, 2011

Oct. 13 (Bloomberg) -- The following companies had unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as of 5 p.m. in Buenos Aires. The Merval Index rose 2.3 percent to 2,596.64.

Empresa Distribuidora & Comercializadora Norte SA (EDN AF), Argentina’s biggest power distributor, also known as Edenor, rose 6.5 percent to 1.47 pesos, its biggest increase in four months. Argentine power distributors will be allowed to charge summer rates to clients, which are higher than winter rates, according to a statement on the government’s National Gazette.

Molinos Rio de la Plata SA (MOLI AF) jumped 6.5 percent to 26.4 pesos, its biggest increase since January. Argentina’s largest food producer rose in line with the price of some agricultural commodities.

YPF SA (YPFD AF) dropped 0.3 percent to 174.5 pesos. Argentina’s largest oil company agreed to pay $16.8 million for local oil and gas producer Energia Andina SA, according to a statement posted on the website of the Buenos Aires exchange.

--Editors: Glenn J. Kalinoski, James Attwood

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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