Buenos Aires stock exchange closes 0.29% lower
Translated from Spanish and summarized by DistantNews. Read the original for the full story.
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- Argentina’s S&P Merval index fell 0.29% to 3,049,121.44 points, while the broader S&P BYMA index declined 0.16%.
- Banco de Valores and Transener recorded the largest declines among leading shares, while Ternium and Cresud posted the strongest gains.
- Argentine dollar bonds rose by up to 0.9%, country risk fell to 490 basis points, and the unofficial blue-dollar rate dropped to 1,540 pesos.
Argentina’s S&P Merval index closed 0.29% lower on Friday at 3,049,121.44 points. The broader S&P BYMA index fell 0.16% to 131,713,235.44.
Among leading shares, Banco de Valores dropped 2.6% and Transener fell 1.36%. Ternium gained 2.52%, while Cresud rose 1.97%.
Argentine dollar-denominated sovereign bonds rose by as much as 0.9%, and the country-risk index declined to 490 basis points. The official dollar remained at 1,530 pesos for sale to the public at Banco Nación and 1,508 pesos in the market.
The informal blue-dollar rate fell 5 pesos to 1,540. The contado con liquidación rate dropped to 1,582.59 pesos per dollar, while the MEP dollar fell 0.2% to 1,525.39 pesos.
About this summary
Originally published by ABC Color in Spanish. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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