The following companies had unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as of 4 p.m. New York time.
The Merval Index fell 2.2 percent to 3,396.20.
Banco Santander SA (SAN) retreated 5.6 percent to 43.50 pesos, the most since Nov. 29. The Spanish lender fell in Buenos Aires in line with the price of its stock in Madrid on concern that the European debt crisis will spread to Italy.
Capex SA (CAPX) slumped 6.2 percent to 6.19 pesos, the biggest fall in four months. The Argentine electricity producer and oil company reported a loss of 12.4 million pesos in the fiscal year to April 30, according to a statement posted on the website of the Buenos Aires stock exchange.
Tenaris SA (TEN) decreased 2.3 percent to 95.70 pesos, its second day of losses. The world’s largest producer of seamless steel tubes used in the petroleum industry fell in line with the price of crude, which retreated on concern that the European debt crisis will spread to Italy and after Chinese imports slumped.
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