Bloomberg News

Argentine Stocks: Aluar Aluminio Argentino, Molinos and YPF

October 28, 2011

Oct. 28 (Bloomberg) -- The following companies had unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as of the close in Buenos Aires. The Merval Index rose 0.3 percent to 3,015.22.

Aluar Aluminio Argentino SA (ALUA AF) rose 2 percent to 4.14 pesos, its third day of gains. The country’s largest aluminum producer announced it will pay dividends beginning Nov. 7, according to a statement posted on the website of the Buenos Aires stock exchange. The company had said Oct. 26 it would pay 173 million pesos ($41 million) in dividends.

Molinos Rio de La Plata SA (MOLI AF), Argentina’s largest food company, fell 0.7 percent to 34.20 pesos, its first decline in seven trading sessions. Argentine truck owners who transport grains plan to expand a strike in Buenos Aires province across the country after they failed to reach an agreement with the government, according to Edgardo Aniceto, head of press at Fetra, the country’s trucker federation.

YPF SA (YPFD AF) lost 1.2 percent to 169 pesos, its lowest price in three weeks. Argentina’s largest oil company had its foreign currency issuer default rating cut today to “B+” from “BB-” at Fitch Ratings, which cited recent changes in regulation on oil and gas producers’ export revenue.

--Editors: Marie-France Han, Richard Richtmyer

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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