Buenos Aires Stock Exchange closes up 2.81%
Translated from Spanish, summarized and contextualized by DistantNews.
At a glance
- Buenos Aires Stock Exchange's S&P Merval index closed with a 2.81% increase.
- Leading stocks like Grupo Supervielle and Banco Macro saw significant gains.
- The Argentine peso experienced a slight depreciation against the U.S. dollar in various markets.
The Buenos Aires Stock Exchange experienced a positive trading session, with its benchmark S&P Merval index closing up by 2.81% at 2,995,129.46 units. The broader S&P BYMA index also saw gains, rising 2.31% to 129,559,361.99 points.
Among the top-performing stocks, Grupo Supervielle shares surged by 8.3%, and Banco Macro shares increased by 5.4%. Only Metrogas and Ternium stocks registered declines, falling 1.5% and 0.8%, respectively.
In the bond market, Argentine sovereign dollar-denominated bonds traded with gains of up to 0.7%, while the country's risk index rose to 509 basis points. The Argentine peso saw a slight depreciation against the U.S. dollar, with the official rate at the Banco Naciรณn reaching 1,530 pesos for selling. The wholesale market saw the dollar at 1,509 pesos, while the parallel or 'blue' dollar climbed to 1,565 pesos for selling.
Other currency exchange rates also showed movement. The 'dollar contado con liquidaciรณn' (CCL), which involves converting pesos to dollars through stock and bond transactions, rose 0.3% to 1,600.29 pesos per unit. The 'dollar bolsa' or 'dollar MEP,' achieved through similar financial operations within Argentina, increased by 0.2% to 1,538.43 pesos per unit.
Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.