Buenos Aires stock market closes 1.83% higher
Translated from Spanish and summarized by DistantNews. Read the original for the full story.
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- Argentina’s S&P Merval index rose 1.83% to close at 3,033,848.07 points, while the broader S&P BYMA gained 1.95%.
- BBVA Argentina and Cresud posted the largest gains among leading shares, while Ternium and Grupo Financiero Valores fell.
- Argentina’s country-risk index held at 512 basis points as the dollar declined in official and some financial markets.
Argentina’s main stock index closed higher on Monday, with the S&P Merval rising 1.83% to 3,033,848.07 points.
The broader S&P BYMA index advanced 1.95% to 130,960,426.78 points. BBVA Argentina led gains among the leading shares, climbing 4.1%, followed by Cresud, which rose 3.4%. Ternium and Grupo Financiero Valores each lost 1.5%.
Dollar-denominated Argentine sovereign bonds traded unevenly, while the country-risk index remained at 512 basis points. The U.S. dollar fell five pesos to 1,530 pesos for public sales at state-owned Banco Nación. In the wholesale market, it declined to 1,508 pesos.
The informal blue-dollar rate held at 1,555 pesos. The contado con liquidación rate fell 0.8% to 1,596.05 pesos, while the MEP dollar dropped 0.1% to 1,535.52 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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