Bloomberg News

Argentine Stocks: Santander Rio, Tenaris and YPF Were Active

July 20, 2012

The following companies had unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as the close of trading in Buenos Aires. The Merval (MERVAL) index fell 1.7 percent to 2,459.41.

Banco Santander Rio SA (BRIO) dropped 4.6 percent to 6.49 pesos. The local unit of Spain’s Banco Santander SA fell in line with the price of its parent bank, which retreated 7.3 percent in Madrid, as Spanish ministers cut their forecasts for the economy and the region of Valencia prepared to seek a rescue from the central government.

Tenaris SA (TEN) fell 1.6 percent to 125.90 pesos. The world’s largest producer of seamless steel tubes used in the oil industry dropped in line with the price of crude in New York.

YPF SA (YPFD) lost 2.4 percent to 86 pesos. Argentina’s largest oil producer will buy back today $79 million in debt due in 2028, according to a statement sent to the Buenos Aires stock exchange.

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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