Bloomberg News

Argentine Stocks: Grupo Financiero Galicia, Petrobras Argentina

January 26, 2012

Jan. 25 (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 0.6 percent to 2,914.93.

Grupo Financiero Galicia SA (GGAL AF) advanced 1.6 percent to 3.76 pesos. Argentina’s largest consumer lender was the most active stock today with 9.5 million pesos ($2.2 million) changing hands, and rose in line with global stocks after the U.S. Federal Reserve said it would keep its benchmark interest rate low until at least late 2014.

Petrobras Argentina SA (PESA AF) rose 2.5 percent to 7.9 pesos. The Argentine oil company has increased 9.1 percent in the last two days after a new chief executive officer was appointed for its controller, Brazil’s state-controlled Petroleo Brasileiro SA.

--Editors: Glenn J. Kalinoski, Brendan Walsh

To contact the reporter on this story: Eduardo Thomson in Santiago at

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

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