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Buenos Aires stock market closes with a 0.08% rise
🇵🇾 Paraguay /Economy & Trade

Buenos Aires stock market closes with a 0.08% rise

From ABC Color · () Spanish

Translated from Spanish, summarized and contextualized by DistantNews.

At a glance

Newswire From a news agency Context piece
  • The S&P Merval stock index in Buenos Aires closed up 0.08% on Wednesday.
  • Other indices like S&P BYMA also saw gains, while some leading stocks like Loma Negra and BBVA declined.
  • Argentina's sovereign bonds fell, and the country's risk index rose, while the dollar weakened against the peso in various markets.

The Buenos Aires Stock Exchange saw a modest increase on Wednesday, with the S&P Merval index closing up 0.08% at 3,153,149.95 units. The broader S&P BYMA index also experienced a slight rise of 0.13%, reaching 134,432,430 points.

Among the leading companies, Transportadora de Gas del Norte and Transportadora de Gas del Sur shares saw significant gains of 4.2% and 3.2% respectively. However, Loma Negra and BBVA stocks experienced declines of 2.8% and 1.8%.

In the bond market, Argentine dollar-denominated sovereign bonds traded lower, with some falling by as much as 0.9%. The country's risk index climbed to 503 basis points. The US dollar depreciated against the Argentine peso, falling 5 pesos to 1,455 pesos for retail sales at the state-run Banco Nación, and also decreased in the wholesale market to 1,431 pesos per unit.

The parallel 'blue' dollar rate also dropped by 10 pesos to 1,455 pesos for selling. Financial dollar exchange rates, such as the 'contado con liquidación' (CCL) and 'dólar MEP', also saw decreases, closing at 1,508.42 pesos and 1,452.30 pesos per unit, respectively.

DistantNews Editorial

Originally published by ABC Color in Spanish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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