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ARGENTINA: Merval Falls On Friday But Ekes Out 1% Gain For The Week

ARGENTINA: Merval Falls On Friday But Ekes Out 1% Gain For The Week

Merval, the main index of the Buenos Aires Stock Exchange, fell 1.05% Friday to 32,774.83 points but still managed to eke out a 1% weekly gain. Autopistas del Sol (+0.25%) reported that it extended its contracts with the oil company Axion Energy Argentina for two areas of fuel sales services in the General Paz Avenue. Meanwhile, the Argentinean state-owned oil company YPF (-1.07%) acknowledged…

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ARGENTINA: Merval Closes Slightly Lower On Friday

Merval, the main index of the Buenos Aires Stock Exchange, recorded a subtle drop (-0.04%), closing at 35,126.22 Friday and ending the week with some profit-taking after three days of consecutive increases. During the week, it accumulated gains of 4.54%. “The most important fact of the week that ended is that the trading volume managed to stay above 1 billion pesos. That was a direct consequence…

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ARGENTINA: Merval Gives Up Earlier Gains But Ends Session With Slight Rise

Merval, the main index of the Buenos Aires Stock Exchange, rose 0.22% to close at 27,327.38 points Wednesday, giving up earlier gains amid a volatile session. Banco Macro’s shares rose 0.57% after its board of directors accepted the leave request presented by its president, Jorge Horacio Brito. He left due to his involvement in a money laundering investigation known as the Ciccone case.…

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ARGENTINA: Merval Falls Amid Caution And Low Trading Volume

ARGENTINA: Merval Falls Amid Caution And Low Trading Volume

Merval, the main index of the Buenos Aires Stock Exchange, closed with a slight decrease of 0.12% Thursday to 27,844.21 points, reversing earlier gains in energy and gas stocks after the announcement of new audiences to discuss tariffs increase. “The local square operated selectively and with some caution, as trading volume fell significantly,” said Oscar Campos, an analyst at Intervalores. On…

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ARGENTINA: Merval Renews Record High On Economic Data

ARGENTINA: Merval Renews Record High On Economic Data

Merval, the main index of the Buenos Aires Stock Exchange, rose 1.39% Thursday, closing at 25,624.34 points, settling higher for the tenth session in a row. The Argentinean stock index was boosted by positive data on the country’s economy. “The local market achieved its tenth consecutive rise, and with a turnover that does not diminish. This rise is encouraged by the good performance of the…

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ARGENTINA: Merval Falls Slightly As Traders Remain Cautious

ARGENTINA: Merval Falls Slightly As Traders Remain Cautious

Merval, the main index of the Buenos Aires Stock Exchange, dropped slightly (-0.03%), closing at 23,474.74 points Tuesday, amid investor’s caution provoked by heightened geopolitical tensions and by lower oil prices abroad after the Hurricane Harvey hit the United States. “The geopolitical tensions after North Korea’s new missile launch meant that the markets had a bearish opening, which, as…

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ARGENTINA: Merval Falls Pushed Down By Oil Companies

ARGENTINA: Merval Falls Pushed Down By Oil Companies

The benchmark stock market index in Argentina, Merval, fell by 0.73%, closing at 22,059.84 points Friday after crude prices decreased almost 3% and pushed down the prices of oil companies. Despite the losses, in the week, the Buenos Aires Stock Exchange gained 0.67%. Oil prices decreased amid fears on oversupply in the international market. The dollar increase compared to the Argentinean peso…

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