Buenos Aires Stock Exchange Closes Friday Up 1.3%

Buenos Aires, Argentina – The S&P Merval index, tracking leading companies on the Buenos Aires Stock Exchange, closed Friday with a 1.3% gain, reaching 2,913,183.61 units. The broader S&P BYMA general index saw a similar increase of 1.31%, ending at 126,636,424 points.

Among the top performers, Ternium shares surged 4.8%, and Banco Supervielle rose 3.5%. Only Transener shares experienced a decline, falling 1.2%.

In the bond market, Argentine sovereign bonds denominated in U.S. dollars traded higher, with some issues up by as much as 2.4%. Concurrently, Argentina's country risk indicator decreased to 505 basis points.

The currency market saw the U.S. dollar strengthen against the peso. It climbed 5 units to 1,520 pesos for retail sales at the state-run Banco Nación. In the wholesale market, the dollar rose 3.50 pesos to 1,499 per unit. The parallel 'blue' dollar rate remained stable at 1,550 pesos for selling. The 'contado con liquidación' (CCL) dollar, which involves buying local assets with pesos and selling them in dollars on Wall Street, increased by 0.8% to 1,595.31 pesos. The 'dólar bolsa' or 'MEP' dollar, obtained by trading assets listed in both currencies, rose 0.7% to 1,535.08 pesos.