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Argentine Stocks: Molinos Rio de la Plata, Tenaris and YPF

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 fell 0.1 percent to 2,683.96.

Molinos Rio de la Plata SA (MOLI AF) dropped 7.5 percent to 25.25 pesos, its lowest price since Oct. 12. Argentina’s largest food company reported a profit of 277 million pesos ($64 million) in 2011, according to a statement on the website of the Buenos Aires exchange. This compares to a profit of 376 million pesos in 2010.

Tenaris SA (TS) rose 4.4 percent to 99 pesos. The world’s largest producer of seamless steel tubes used in the oil industry gained in line with global markets as Greece came closer to completing a sovereign debt swap.

YPF SA (YPFD) advanced 3.2 percent to 138.8 pesos, its third day of gains. Argentina’s largest oil producer allowed government officials to attend a board meeting today and delayed a decision on its dividend as the government steps up pressure on the company to boost investment. The company also reported earnings of 5.3 billion pesos in 2011.

To contact the reporter on this story: Eduardo Thomson in Santiago at ethomson1@bloomberg.net

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

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