Argentine Stock Movers: BBVA Banco Frances, Sociedad Comercial

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.

BBVA Banco Frances SA (FRAN) , a unit of Spain’s Banco Bilbao Vizcaya Argentaria SA, rose 1.8 percent to 11.40 pesos.

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.

To contact the reporter on this story: Camila Russo in Buenos Aires at crusso15@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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