Jul
5
The following companies are having
unusual price changes in Argentine trading. Stock symbols are in
parentheses and share prices are as of 3:49 p.m. in Buenos
Aires. The Merval (MERVAL) index fell 2.4 percent to 2,369.11.
Banco Macro SA (BMA) , Argentina’s largest lender by
market share, slumped 7.2 percent to 8.25 pesos, its biggest
drop since October on a closing basis. Bank stocks fell today
after the government said it plans to force financial
institutions to provide loans for corporate investments.
Grupo Financiero Galicia SA (GGAL) , Argentina’s largest
consumer lender, retreated 5.1 percent to 2.95 pesos, while BBVA
Banco Frances SA (FRAN) fell 5 percent to 7.55 pesos.
Boldt SA (BOLT AF), an Argentine information technology
services company, advanced 3.4 percent to 2.15 pesos, its
highest price in four weeks on a closing basis. Boldt said in a
statement posted on the website of the stock exchange that the
government of the City of Buenos Aires had approved its plan to
acquire the stake it didn’t own in a joint venture that
processes and manages fines for the city.
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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