Argentine Stocks: Banco Macro, Mirgor and YPF SA Advance
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 Index rose 1.6 percent to 2,792.83.
Banco Macro SA (BMA) gained 5.6 percent to 10.35 pesos, the biggest advance in almost two weeks. Argentina’s largest lender by market share reported third-quarter net income of 314 million pesos ($73 million), up from 268 million pesos a year earlier. Results beat expectations, Deutsche Bank wrote in a note to analysts.
Mirgor SACIFIA (MIRG AF) rose 3.7 percent to 112 pesos, its fourth day of gains. The Argentine producer of automobile air conditioning systems reported net income in the first nine months of the year of 46.4 million pesos, according to a statement posted today on the website of the Buenos Aires exchange. This compares with a profit of 5.74 million pesos a year earlier, according to data compiled by Bloomberg.
YPF SA (YPFD) advanced 11 percent to 167.2 pesos, the biggest increase since December 2010. Argentina’s largest oil company announced yesterday its biggest ever oil find at a field in Patagonia.
To contact the reporter on this story: Eduardo Thomson in Santiago at email@example.com
To contact the editor responsible for this story: David Papadopoulos at firstname.lastname@example.org