“The wind from the north (USA) contributes to the recovery of domestic assets, given that some operators seek to take advantage of the punished valuations beyond the political noise and economic challengessa manage during the long and winding road that still remains until the presidential elections (2023),” said economist Gustavo Ber.
On the other hand, Consumer prices rose 6.3% in October, accumulating a rise of 76.6% so far this year and 88% year-on-year. This day also The Central Bank once again parted with reserves and in November accumulated sales for some US$911 million.
Merval and ADRs
BYMA’s S&P Merval Index rose 1.6% to 155,158.96 points, after accumulating a 6.7% rise in the three previous rounds and compared to his previous all-time high of 154,031.5 points scored at the beginning of the month. The increases are led by the shares of Transportadora de Gas del Norte (+8.7%); Inversora Juramento (+5.4%), and Grimoldi (+5.3%).
While, the shares of Argentine companies listed on Wall Street climbed up to 7.4%, led by Tenaris and followed by Mercado Libre (+6.4%); and Globant (+5%).
The volume in shares fell 3.2% to $3,189 million, which represents 30% of the variable income traded. Thus, the remaining 70% was traded in Cedears, whose daily amount jumped 65.7% to $7,422 million.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
