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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 Rises Slightly Amidst Political Tension
Merval, the main index of the Buenos Aires Stock Exchange, rose 0.56% Monday to 27,174.16 points amid growing political tension related to the pension reform vote in the Argentinean House of Representatives. The locally traded U.S. dollar rose 0.32%, closing at 17.57 Argentinean pesos, also due to the political tension. Outside Argentina’s Congress, a large demonstration against the reform was…
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ARGENTINA: Merval Climbs 3.06% After Ruling Coalition Election Triumph
ARGENTINA: Merval Climbs 3.06% After Ruling Coalition Election Triumph
Merval, the main index of the Buenos Aires Stock Exchange, surged 3.06% Monday, closing at 27,806.16 after the ruling coalition victory in Sunday’s legislative election. The result was widely expected by investors. “With this result, Cambiemos [ruling coalition] now consolidates as the first political force at the national level, hence the euphoria that was experienced on Monday in the local…
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ARGENTINA: Merval Falls Slightly On Volatile Session
ARGENTINA: Merval Falls Slightly On Volatile Session
Merval, the main index of the Buenos Aires Stock Exchange, fell 0.11%, closing at 26,765.98 points Monday in a volatile trading session while market players wait for a profit-taking movement after the historical levels hit in the last two weeks. Eduardo Fern?ndez, an analyst at Rava Burs?til, said that the leading shares fell “as if wanting to take a break after the strong gains accumulated in…
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ARGENTINA: Merval Rises 0.82%, Reversing Initial Losses
ARGENTINA: Merval Rises 0.82%, Reversing Initial Losses
Merval, the main index of the Buenos Aires Stock Exchange, rose 0.82% Monday, closing at 23,912.22 points, reversing initial losses, driven by banking and energy shares. Also, investors are tracking the launch of the campaigning season for the October legislative elections. “The Merval index is still within a range between 23,500 and 24,300 points. Today the market tested the minimum level range,…
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ARGENTINA: Merval Closes With Subtle Rise, But Loses 1.24% In The Week
ARGENTINA: Merval Closes With Subtle Rise, But Loses 1.24% In The Week
Merval, the main index of the Buenos Aires Stock Exchange, closed with a subtle 0.09% rise Friday at 23,723.28 points, after trading lower most of the day. In the week, Merval accumulated a fall of 1.24%. According to Eduardo Fern?ndez, an analyst at Rava Burs?til, the market “will continue to operate with little volatility, very selective, amid a narrow business range.” “With the dollar down,…
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ARGENTINA: Merval Drops 2.1% As Profit Taking Hits The Market
ARGENTINA: Merval Drops 2.1% As Profit Taking Hits The Market
Merval, the main index of the Buenos Aires Stock Exchange, fell 2.10% Tuesday and closing at 23,559.66 points as traders took profits after the index rose to a record high last Thursday. “The stock market had risen a lot in the last few weeks, and a break was the most likely event in the short-term,” said Eduardo Fern?ndez, an analyst at Rava Burs?til. All of Merval’s constituents fell today.…
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ARGENTINA: Merval Drops On Profit-taking But Rises For The Week
ARGENTINA: Merval Drops On Profit-taking But Rises For The Week
Merval, the main index of the Buenos Aires Stock Exchange, fell 0.94% Friday, closing at 24,021.82 points, in an expected profit-taking by investors after seven trading sessions in a row of highs led the index to new record levels. In the week, the Merval gained 1.37%. “After seven consecutive sessions of rallies, a reasonable profit-taking came to the local equity segment,” said Eduardo…
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