Bloomberg News

Argentine Stocks: Grupo Financiero Galicia and YPF Were Active

April 09, 2012

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 (MERVAL) index fell 1.4 percent to 2,522.18.

Grupo Financiero Galicia SA (GGAL) retreated 1.2 percent to 3.18 pesos, its lowest price since Jan. 3. Argentina’s largest consumer lender was the most active stock today by value with 6.8 million pesos ($1.6 million) changing hands. It fell in line with global stocks after March job creation in the U.S. trailed economists’ estimates.

YPF SA (YPFD) fell 2 percent to 122.5 pesos, its lowest closing price since July 2009. The Argentine government may disclose this week its plans for the country’s largest oil company, newspaper El Cronista reported, citing unidentified provincial officials. The plans may include an ownership model that includes the participation of the federal state, provinces and private capital, Cronista said.

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


Hollywood Goes YouTube
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

 
blog comments powered by Disqus