The following companies are having unusual price changes in Argentine trading. Stock symbols are in parentheses, and share prices are as of 1:34 p.m. in Buenos Aires. The Merval Index fell 2 percent to 2,212.57.
Aluar Aluminio Argentino SAIC (ALUA AF) dropped 3.4 percent to 2.56 pesos. Argentina’s largest aluminum producer fell after data showed manufacturing growth in China and India decelerated and U.S. employers added the fewest workers in a year.
Siderar SAIC (ERAR AF), the country’s largest steel producer, declined 3.8 percent to 1.54 pesos.
BBVA Banco Frances SA (FRAN AF) fell 3.4 percent to 7.68 pesos. Newspaper El Cronista Comercial reported Argentina is going to convert dollar assets and contracts into pesos.
Grupo Financiero Galicia SA (GGAL AF), Argentina’s largest consumer lender, slid 2 percent to 2.88 pesos.