Buenos Aires Stock Exchange closes with a 1.13% rise

Buenos Aires' stock market experienced a positive close on Thursday, with the S&P Merval index of leading companies rising by 1.13% to reach 3,157,091.24 units. The broader S&P BYMA index also saw an increase, climbing 1% to 131,319,907.72 points, reflecting a generally upward trend in the market.

Among the top-performing stocks, Loma Negra surged by 4.2%, and Grupo Supervielle gained 3.3%. Conversely, Transener shares fell by 1.4%, and Bolsas y Mercados Argentinos saw a decrease of 0.7%. These movements indicate varied performance across different sectors within the Argentine stock exchange.

In the bond market, Argentine sovereign bonds denominated in U.S. dollars traded with gains of up to 0.9%. Concurrently, Argentina's country risk index decreased, settling at 415 basis points. This reduction in risk perception suggests improved investor confidence in the Argentine economy.

The currency market showed stability for the U.S. dollar against the Argentine peso. The dollar was priced at 1,510 pesos for retail sales at the state-run Banco Nación. In the official wholesale market, the dollar saw a slight decrease, closing at 1,488 pesos per unit. The parallel or 'blue' dollar remained steady at 1,525 pesos for selling. Meanwhile, the 'contado con liquidación' (CCL) rate rose by 0.5% to 1,575.46 pesos, and the 'dólar MEP' advanced by 0.6% to 1,529.77 pesos.