Argentine Stocks: Boldt, Edenor, Pampa and YPF Were Active
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 retreated 0.9 percent to 2,642.21.
Boldt SA (BOLT) advanced 5.6 percent to 3.8 pesos, the most in more than 14 weeks. The Argentine information technology company reported net income of 33.4 million pesos ($7.7 million) in the quarter ended Jan. 31, up from 23.4 million pesos a year earlier, according to a statement on the Buenos Aires exchange.
Empresa Distribuidora & Comercializadora Norte SA (EDN) , or Edenor, fell 4.8 percent to 1.19 pesos, the lowest since September 2009. Argentina’s largest power distribution company reported a net loss of 435 million pesos in 2011, compared with a loss of 74 million pesos in 2010.
Pampa Energia SA (PAMP) dropped 1 percent to 1.96 pesos, the lowest in 10 weeks. Argentina’s largest electricity group reported a net loss of 931 million pesos in 2011, compared with a loss of 46.6 million pesos in 2010.
YPF SA (YPFD) , the country’s largest oil company, retreated 3.1 percent to 129.4 pesos. Argentina’s Chubut province is preparing to announce on March 14 that it will cancel some of YPF’s concessions, Buenos Aires-based newspaper La Nacion reported March 10, citing provincial officials it didn’t identify.
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