Bloomberg News

Argentina Stock Movers: IRSA, Petrobras Argentina Were Active

May 31, 2012

The following companies had unusual price changes in Argentine trading. Stock symbols are in parentheses, and share prices are as of the close of trading in Buenos Aires. The Merval (MERVAL) Index fell 0.4 percent to 2,256.74.

IRSA Inversiones y Representaciones SA (IRSA AF), the Argentine real estate holding company, fell 4.5 percent to 4.20 pesos. Argentina’s construction activity fell 7.6 percent in April from a year ago, the National Statistics and Census Institute in Buenos Aires said.

Petrobras Argentina SA (PESA) fell 0.9 percent to 5.45 pesos. The local unit of Brazil’s state-controlled oil company Petroleo Brasileiro SA said in a regulatory filing today it will increase its stake in Petrolera Entre Lomas SA for $249.4 million.

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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