Argentine Stocks: Autopistas del Sol, Banco Macro, Petrobras
The following companies had unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as of the close in Buenos Aires.
The Merval (MERVAL) Index rose 0.4 percent to 2,640.09.
Autopistas del Sol SA (AUSO) advanced 1.6 percent to 0.925 pesos, and trading volume reached more than 10 times the average of the past three months. The Argentine government approved new toll rates for the highway operator, according to a statement posted on the website of the Buenos Aires stock exchange.
Banco Macro SA (BMA) rose 1.5 percent to 9.95 pesos, its highest price in three weeks. The country’s largest lender by market share rose in line with global equity markets after Italian Prime Minister Mario Monti proposed budget cuts and leaders prepared to meet on Europe’s debt crisis.
Petroleo Brasileiro SA (PETR4) rose 1.8 percent to 65.15 pesos. Brazil’s state-controlled oil company will spend 21.8 billion reais ($12.2 billion) by 2015 to improve the quality of its diesel and will extend supply of low-sulfur diesel to all of the country in January. The company also sold 700 million pounds ($1.1 billion) in bonds today.
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