In the midst of the exchange rate pressure marked by the complex economic and political scenario, shares rise by almost 6%.
The porteño bag bounces this Friday, October 20, after two days in a row in negative territory. This happens within the framework of the last business day before the presidential elections that will take place next Sunday and the exchange rate pressure marked by complex economic and political scenario.
Thus, the S&P Merval scale a 3.4%to 790,015.92 unitsby rise of the “Cash with Settlement” (CCL), which advances almost $20. The stock index had fallen by 4.3% last Thursday and cut a long bullish streak.
“There are many factors that trigger great uncertainty in local financial instrumentsdominated by the lack of certainty about the speed and magnitude with which the various macroeconomic imbalances will be corrected in 2024,” he said Delphos Investment.
For his part, economist Gustavo Ber said: “Domestic assets appear heavier again in the final rounds before the elections.” after threatening with a last electoral trade that for the moment demonstrated once again to have short legssince the climate of extreme political and economic uncertainty remains in force.
Shares and ADRs
On the leading panel, stocks climb to 6%headed by those of Central Port. Among those who score higher profits They are followed by those of Cresud (+5.1%) and Pampa Energy (+4.7%). While the papers of Mirgor They are the only ones who fallby giving up a 0.9%.
In Wall Street local papers deepen decline. Those that register the greatest losses are those of Galicia Financial Group (-3.3%), Supervielle Group (-2.7%) and Mercado Libre (-1.9%).
Source: Ambito
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