Argentinian Stocks Are On The Move

Argentina was a pariah of global investors up until last year due to many reasons including the nationalization of the country’s oil company YPF in May.However investors have become bullish on Argentina for the past year according to an article in FT beyondbrics. The benchmark Merval index has almost doubled this year.

The following table shows the YTD performance of Argentina ADRs:

S.No.CompanyTickerClosing Share Price on Oct 24, 2013YTD ChangeIndustry
2IRSA Inversiones y RepresentacionesIRS$12.1774.61%Real Estate Inv&Serv
3Pampa EnergiaPAM$5.9673.26%Electricity
4Grupo Financiero GaliciaGGAL$10.7962.99%Banks
5Telecom ArgentinaTEO$18.3761.42%Mobile Telecom.
6BBVA Banco FrancesBFR$8.0459.84%Banks
7Banco MacroBMA$27.6552.43%Banks
8YPFYPF$22.0051.20%Oil & Gas Producers
9Nortel Invesora - Series BNTL$20.5649.96%Mobile Telecom.
10Alto PalermoAPSA$23.4049.62%Real Estate Inv&Serv
11Transportadora de Gas del SurTGS$2.5343.75%Oil & Gas Producers
12CresudCRESY$11.5538.82%Food Producers
13Petrobras Argentina S.A.PZE$6.3533.68%Oil & Gas Producers


Source: BNY Mellon

Related ETF:

Global X FTSE Argentina 20 ETF (ARGT)

Disclosure: Long BMA


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