BBVA Banco Frances (BFR)

[johnsyn]

Argentina Stocks: Aluar, BBVA Banco Frances, Galicia, Siderar
By Camila Russo on June 01, 2012
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 (MERVAL) Index fell 2 percent to 2,212.57.

Aluar Aluminio Argentino SAIC (ALUA) 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) , the country’s largest steel producer, declined 3.8 percent to 1.54 pesos.

BBVA Banco Frances SA (FRAN) 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) , Argentina’s largest consumer lender, slid 2 percent to 2.88 pesos.

To contact the reporter on this story: Camila Russo in Buenos Aires at [e-mail]

To contact the editor responsible for this story: David Papadopoulos at [e-mail]