Member access

4-Traders Homepage  >  Shares  >  Italian Stock Exchange  >  Tenaris SA    TEN   LU0156801721


News SummaryMost relevantAll newsSector news 

Argentina's Merval Edges Up as Stocks End Week Mixed

02/22/2013 | 05:47pm US/Eastern
   By Taos Turner 

BUENOS AIRES--Argentina's benchmark stock index rose slightly Friday as stocks closed almost evenly split between gains and losses while bonds were also mixed.

The Merval stock index rose 0.51% to 3,140.38 in volume totaling ARS51 million ($10.1 million).

Steel producer Tenaris SA (TEN.MI, TS) led the gains, rising 3.9% to ARS161.45. It was easily the most-traded stock. State-run oil company YPF SA (YPFD.BA, YPF), which fell 2.2% to ARS115.95, was another heavily traded stock.

The AA17 2017 bond rose 0.63% to ARS637.50. The TVPA GDP Warrant, a security whose performance is tied to economic growth, fell 0.11% to ARS43.80.

Argentina's black-market peso strengthened a tad to ARS7.8 to the dollar, according to financial daily El Cronista.

Argentina strictly rations the sale of dollars and other currencies, forcing many people into the black market if they really need other currencies for travel or to save.

The official exchange rate closed at ARS5.0300 on the MAE wholesale currency market, compared with ARS5.0295 in the previous session.

Write to Taos Turner at


(MORE TO FOLLOW) Dow Jones Newswires

02-22-13 1746ET

React to this article
Latest news on TENARIS SA
04/09 TENARIS : to temporarily interrupt production at Prudential
04/08 TENARIS : MWCS recognizes Tenaris product performance
04/08 TERNIUM : Mexican steelmakers join to build power plant
04/08DJEUROPE MARKETS : European Stocks At Record High As BG-Shell Deal Ignites Energy ..
04/06 TENARIS : to Temporarily Suspend Operations at Westwego Facility
04/01 TENARIS : to supply pipe for the Argentina Northeast Gas Pipeline (GNEA)
03/31 TENARIS : Files Annual Report 2014 and Convenes Annual and Extraordinary General..
03/20 TENARIS : to Launch Next Generation Coiled Tubing
03/17 TENARIS : participating in SPE/IADC Drilling Conference 2015
03/16 TENARIS : to supply products to expand the capacity of the North Argentina Pipel..
Duration : Period :
Tenaris SA Technical Analysis Chart | TEN | LU0156801721 | 4-Traders
Income Statement Evolution
More Financials
Dynamic quotes