Argentine Stocks: Molinos Rio de la Plata Gains; Petrobras Falls

The following companies are having unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as of 3:00 p.m. New York time.

The Merval Index fell 0.4 percent to 3,613.73.

Molinos Rio de la Plata SA (MOLI AF) rose 7.1 percent to 32.45 pesos, bringing the two-day increase for the Argentine food company and soy processor to 16 percent, the largest since September 2008. The stock advanced after being included in the Merval index of shares and as soybean prices gained on speculation that dry weather in parts of South America will reduce yields.

Petroleo Brasileiro SA (APBR AF) fell 2.1 percent to 76.50 pesos, the steepest loss in two weeks. Crude oil fell the most in seven weeks in New York as precious metals tumbled and the dollar strengthened.

To contact the reporter on this story: Eduardo Thomson in Santiago at

To contact the editor responsible for this story: David Papadopoulos at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.