The following companies are having unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as of 12:50 p.m. New York time.
The Merval Index increased 1.2 percent to 2,898.63.
Shares of Argentine financial companies rose after Federal Reserve Chairman Ben S. Bernanke stopped short of signaling further stimulus to aid the world’s largest economy, easing investors’ concern about the outlook for growth.
Grupo Financiero Galicia SA (GGAL AF), Argentina’s largest consumer lender, added 0.2 percent to 5.23 pesos.
Sociedad Comercial del Plata SA (COME) surged 9.2 percent to 71 centavos. The holding company that produces petroleum products through its subsidiaries gained on speculation it would reach an agreement on the restructuring of its debt, according to Juan Jose Vazquez, an equity analyst at Bull Market Brokers SA.
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