Jun
28
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 0.5 percent to 2,268.11.
Grupo Financiero Galicia SA (GGAL) , Argentina’s largest
consumer lender, fell 1.7 percent to 2.94 pesos, its fourth day
of losses. Argentine stocks retreated in line with global
markets after the U.S. reported disappointing employment
figures, Ruben Pascuali, a trader and analyst at Buenos Aires-
based brokerage Mayoral Bursatil, said in a phone interview.
Telecom Argentina SA (TECO2 AF) rose 1 percent to 15.1
pesos. Argentina’s largest telecommunications company rose in
line with the price of its American depositary receipts amid
cheap valuations as the shares caught up with a rally in dollar-
denominated Argentine sovereign bonds, Carlos Aszpis, an equity
strategist at Buenos Aires-based brokerage Schweber Cia, said
in an interview.
To contact the reporter on this story:
Eduardo Thomson in Santiago at
ethomson1@bloomberg.net
To contact the editor responsible for this story:
David Papadopoulos at
papadopoulos@bloomberg.net
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