Bloomberg News

Argentine Stocks: Molinos, Comercial del Plata, YPF Were Active

May 22, 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 advanced 2.1 percent to 2,239.24.

Molinos Rio de La Plata SA (MOLI AF) jumped 7.5 percent to 21.40 pesos, its highest price in almost five weeks. Argentina’s largest food company plans to sell as much as $50 million in bonds, according to a statement posted yesterday on the website of the Buenos Aires stock exchange.

Soc. Comercial del Plata SA (COME AF) increased 0.5 percent to 0.62 pesos, its third day of gains. The Argentine holding company posted a net loss of 29.4 million pesos ($6.58 million) in the first quarter, according to a statement posted yesterday on the website of the Buenos Aires exchange. This compares with a loss of 369 million pesos a year earlier, according to data compiled by Bloomberg.

YPF SA (YPFD) , Argentina’s largest oil company, rose 1.7 percent to 75.50 pesos, its biggest increase in almost two weeks. The government of the province of Chubut will return oil areas to YPF after the company said it will invest $130 million this year, according to a statement posted on the website of the provincial government.

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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