Friday, April 20, 2012

YPF shares edge up in Buenos Aires, New York, Madrid

Shares of Argentina’s biggest energy company Repsol-YPF bounced back from previous losses yesterday and held the trend today. Sshares were up by 1.2 percent in Wall Street and 1.2 percent at the Buenos Aires Stock Exchange.

In Spain, the company’s shares were also recovering from the bumpy week edging up by 1.74 percent.

Stocks plunged at the beginning of the week after president Cristina Fernández de Kirchner announced the government’s plans to expropriate 51 percent of the 57.43 share-package Repsol owns.