Buenos Aires Stock Exchange Closes Down 0.01%

The Buenos Aires stock market experienced a slight downturn on Friday, with the S&P Merval index closing down 0.01% at 3,352,707.61 units. The broader S&P BYMA index also saw a decrease, falling 0.29% to 141,818,825.80 points.

Among the leading stocks, Transener and BBVA Argentina posted gains of 2.49% and 2.29% respectively. However, these were offset by significant drops in Edenor (-2.66%), Cresud (-2.64%), and Metrogas (-2.53%).

In the bond market, Argentine sovereign bonds denominated in US dollars experienced an average decline of 0.3% after a strong performance the previous day. Argentina's risk index decreased by six points, settling at 437 basis points.

The currency market showed mixed trends. The US dollar held steady at 1,450 pesos for public sale at the state-run Banco Nación, while the wholesale official rate dipped to 1,428 pesos per unit. In contrast, the informal 'blue' dollar saw a 10-peso increase, reaching 1,460 pesos for sale. The 'dólar contado con liquidación' (CCL) fell to 1,492.44 pesos, while the 'dólar bolsa' or 'MEP' rose slightly by 0.10% to 1,450.36 pesos. Markets will be closed on Monday due to a public holiday in Argentina.