Bloomberg News

Argentine Stock Movers: Edenor, Transener, YPF Were Active

May 03, 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 declined 2.1 percent to 2,195.22.

Empresa Distribuidora & Comercializadora Norte SA (EDN AF) gained 0.5 percent to 0.6 peso. Argentina’s largest power distributor is advancing after newspaper El Cronista reported that the Argentine government may subsidize electricity companies or allow them to raise prices.

Cia de Transporte de Energia Electrica en Alta Tension Transener SA (TRAN AF), the operator of Argentina’s national power grid, climbed 1.3 percent to 0.6 peso.

YPF SA (YPFD AF), Argentina’s biggest energy company, fell 1.3 percent to 77.1 pesos before the country’s lower house votes today on a government bill to expropriate 51 percent of the company from Spain’s Repsol YPF SA. (YPFD)

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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