Bloomberg News

Argentine Stock Movers: Banco Macro SA and YPF SA Were Active

April 11, 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 rose 0.3 percent to 2,503.90.

Banco Macro SA (BMA) rose 3.2 percent to 9.60 pesos, the biggest gain in more than two weeks. Argentina’s largest lender by market share advanced in line with global stocks after Alcoa Inc.’s first-quarter profit beat expectations and as the European Central Bank signaled it may revive its bond-purchase program.

YPF SA (YPFD) slumped 5 percent to 114.5 pesos, its lowest price since June 2009. Argentina’s government plans to take over management of YPF SA and give the country’s provinces a seat on the board of directors, Jorge Sapag, the governor of Neuquen province, said on the local government’s website.

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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