Bloomberg News

Argentine Stocks: BBVA Banco Frances, Cresud and YPF Were Active

June 18, 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 retreated 0.1 percent to 2,269.79.

Cresud SA (CRES) rose 6.8 percent to 5.02 pesos, the biggest gain in three months. The Argentine agroindustrial holding company and shopping center owner sold 384 million pesos ($85.4 million) in 18-, 24- and 36-month bonds, according to a statement on the website of the Buenos Aires exchange.

YPF SA (YPFD AF) rose 1.3 percent to 75.50 pesos. Argentina’s largest oil producer has increased 11 percent in the last two trading sessions after it reported that Mexican billionaire Carlos Slim had an 8.4 percent stake in the company.

BBVA Banco Frances SA (FRAN) fell 5.5 percent to 7.28 pesos, the most since January. The Argentine unit of Spain’s Banco Bilbao Vizcaya Argentaria SA ceded gains today after a 6.9 percent rally in the last hour of trading on June 15.

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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