The Buenos Aires stock market improved that Monday, April 3, encouraged by the rise registered in energy shares due to a rise in global oil prices after Saudi Arabia and other OPEC+ producers announced a cut to their production target.
BYMA’s leading S&P Merval index operated with an improvement of 1.7%, to 249,896 units, after accumulating a slight drop of 0.7% in March. The actions of the oil company YPF stood out with an increase of 4.8%.
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Last week “in equities, there was a strong weekly recovery of 12% measured in pesos and half measured in foreign currency,” recalled VatNet Financial Research and explained that “the improvement was led by the energy sector given the good prospects for the sector, especially linked to the huge Vaca Muerta deposits.”
Source: Ambito
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