ADRs collapsed again, up to 15%

Shares of Argentine companies listed in New York collapsed again yesterday. YPF had an 11% loss and closed at $5.41. The Techint Group´s Tenaris, which manufactures steel pipes for the oil industry, fell 8% to $12.19, while Ternium, contracted 9.2% to $12.78 per share. Banco Supervielle fell 15% to $1.97; Banco Francés fell 14.4% to $3.8; Grupo Financiero Galicia fell 8.1% to $10.16, and Banco Macro fell 7.8% to $23.7. Mercado Libre fell 8.1% to $550.72 and Despegar, a virtual travel agency, fell 9.5% to $9.06.

Source: Ámbito

Categories: Macroeconomy/Finance