Argentina Stocks: Siderar SAIC, Telecom Argentina Increase
The following companies are having unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as of 3:06 p.m. in Buenos Aires.
The Merval (MERVAL) Index increased 1.8 percent to 2,837.52.
Argentine stocks rose in line with global equities after U.S. manufacturing grew at the fastest pace since June. China’s manufacturing output unexpectedly rose.
Telecom Argentina SA (TECO2) (TECO2 AF), the Argentine telephone operator, rose 3.9 percent to 20.15 pesos. Cell phone calls nationwide increased 24.9 percent in December compared to the same month a year earlier, the national statistics institute reported yesterday in a release on its website.
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