Bloomberg News

Argentine Stock Movers: Banco Hipotecario, Molinos, Pampa

October 24, 2011

Oct. 24 (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. Buenos Aires time.

The Merval Index rose 2.3 percent to 2,861.82.

Banks and consumer companies rose after President Cristina Fernandez de Kirchner vowed to maintain policies that fueled a consumption boom in her new term.

Banco Hipotecario SA (BHIP AF) jumped 4.2 percent to 1.99 pesos.

Molinos Rio de la Plata SA (MOLI AF), which produces and sells food for domestic consumption and export, climbed 4.5 percent to 30.40 pesos.

Pampa Energia SA (PAMP AF), Argentina’s largest energy holding company, rose 3.3 percent to 2.50 pesos. Argentina will raise energy tariffs as slower global growth curbs demand for the nation’s commodity and industrial exports, according to a BCP Securities Inc. report published today.

--Editors: Glenn J. Kalinoski, Brendan Walsh

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net

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


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