Argentine Stock Movers: Boldt, Tenaris 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 fell 1 percent to 2,497.05.
Boldt SA (BOLT AF), the Argentine holding company with subsidiaries in information technology and casinos, fell 4.8 percent to 2.95 pesos, its fourth consecutive day of losses. Argentine Vice President Amado Boudou mentioned Boldt Chairman Antonio Tabanelli as a person involved in alleged bribery, Buenos Aires-based newspaper Cronista said. An official at Boldt’s communications department did not immediately return a phone call seeking comment.
Tenaris SA (TEN) dropped 3.6 percent to 95 pesos, its lowest price in five weeks. The world’s largest producer of seamless steel tubes used in the oil industry fell in line with the price of crude.
YPF SA (YPFD) fell 1.6 percent to 120.5 pesos, its lowest price since July 2009. Argentina’s largest oil company had its recommendation cut to hold from buy at Deutsche Bank AG, according to data compiled by Bloomberg.
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