The following companies had unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as of the close of trading in Buenos Aires.
The Merval Index rose 1.1 percent to 2,749.00.
Tenaris SA (TS AF), the world’s largest producer of seamless steel tubes used in the oil industry, rose 2.7 percent to 94.40 pesos as oil gained for a third day in New York.
Petrolera del Conosur SA (PSUR AF), a unit of Caracas-based state-owned oil company Petroleos de Venezuela SA, gained 3 percent to 1.03 pesos. Petroleos de Venezuela’s annual revenue last year rose to $127.8 billion from $94.9 billion the year prior, Venezuelan Oil Minister Rafael Ramirez said today on state television.
Aluar Aluminio Argentino SAIC (ALUA AF), the country’s largest aluminum producer, fell 0.7 percent to 2.89 pesos. Aluar said its Puerto Madryn plant is running at 80 percent capacity and could reach 90 percent this month in a statement posted yesterday on the website of the Buenos Aires exchange. The company said Nov. 7 that the plant was operating at between 75 and 80 percent capacity after rains affected power generation.