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Sunday, November 27, 2022

ADR rose to 6% and the Merval ended up

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In another order, the shares of Argentine companies listed on Wall Street closed with the majority of increases of up to 6.1% thanks to Cresud. Behind them were Transportadora Gas del Sur (4.8%) and Telecom Argentina (4.5%). This happened in line with the rise of Wall Street. The Dow Jones rose 1.2%, the S&P 500 index gained 1.4% and the Nasdaq Composite improved 0.4%.

“After the most cautious of the last rounds, Wall Street inserts a breather beyond the noises about China and crypto, despite which local assets exhibit slight swings after the holiday while traders continue to closely monitor dollars financial,” said analyst Gustavo Ber.

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And he completed: “Hence it is that the S&P Merval has so far returned 0.6%, rearranging after yesterday’s holiday despite the firmer behavior among the main ADRs, since the tactical bets that previously drove them seem to be giving rise to a greater calm”.

In fixed income, sovereign bonds in dollars closed with the majority of increases.

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Source: Ambito

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