Argentine Stocks: Central Puerto, Telecom, YPF SA 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 1.3 percent to 2,648.22.
Central Puerto SA (CEPU2) (CEPU2 AF) retreated 1.6 percent to 18.6 pesos, bringing its two-day drop to 11 percent. The Argentine power generator yesterday reported net income of 232 million pesos ($53 million) in 2011, down from 248 million pesos a year earlier.
Telecom Argentina SA (TECO1) (TECO2 AF) rose 1.4 percent to 17.85 pesos, its biggest gain in more than a week. The Argentine telecommunications company expects double-digit growth in revenue and operating profit before amortizations in 2012, according to a filing posted today on the website of the Buenos Aires exchange.
YPF SA (YPFD) , Argentina’s largest energy company, fell 15 percent to 125 pesos, the lowest since July 2009. Buenos Aires-based newspaper Ambito Financiero reported that President Cristina Fernandez de Kirchner is studying ways to take over the company and may make an announcement tomorrow.
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