Argentine Stock Movers: Aluar Aluminio, Petrobras, Siderar, YPF

The following companies are having unusual price changes in Argentine trading. Stock symbols are in parentheses and share prices are as of 11:08 a.m. New York time.

The Merval Index rose 0.8 percent to 2,533.39.

Industrial companies rose in line with global stocks after U.S. reports tempered concern the economic rebound was in jeopardy and German lawmakers backed expansion of a European bailout fund.

Aluar Aluminio Argentino SAIC (ALUA AF), Argentina’s largest aluminum producer, added 1.1 percent to 3.59 pesos.

Siderar SAIC (ERAR AF), Argentina’s largest steel producer, increased 1.4 percent to 21.9 pesos.

Petrobras Argentina SA (PESA AF), the local unit of Brazil’s state-controlled oil company Petroleo Brasileiro SA, gained 0.8 percent to 6.75 pesos. Crude prices rose today in New York.

YPF SA (YPFD AF) fell 0.9 percent to 167.5 pesos. Repsol YPF SA, the Spanish company that is the parent of Argentina’s largest oil producer, urged Petroleos Mexicanos to abandon a shareholder agreement with Sacyr Vallehermoso SA regarding Spain’s Repsol YPF SA.