Markets

Argentina stock exchange changes trading process for illiquid shares

Published December 27, 2017 Updated December 27, 2017 09:03pm

Shares in 31 companies will trade three times a day to "contain volatility," the exchange said in a statement. There will be a morning session that lasts 90 minutes, a midday session that lasts one hour, and a closing session that lasts a half hour.

Companies to be included in the new regime include bank Banco Santander Rio SA, electricity distributor Edesur , Petrolera del Conosur SA - a subsidiary of Venezuela's state oil company PDVSA - and confectioner Havanna Holding SA, whose shares debuted last year.

 

Copyright Reuters, 2017