S&P Merval rebounds due to portfolio restructuring and a share soars up to 9%

S&P Merval rebounds due to portfolio restructuring and a share soars up to 9%

October 24, 2023 – 11:43

After one of its worst historical declines, the Buenos Aires stock market operates with gains from opportunity purchases after the runoff scenario between Sergio Massa and Javier Milei was configured.

Argentine News

The porteño bag trade with profits this Tuesday, October 24 opportunity purchases a day after suffering one of the worst historical losses in pesos, after the unexpected victory for the market of Sergio Massa and the runoff with Javier Milei.

The index S&P Merval rises 4.3% to 731,090.98 points against the collapse of 12.44% in Monday’s session due to profit taking after a long hedge process due to dollarization of wallets. The second round will be on November 19 and the winner will take office on December 10.

The local actions They operate with generalized gains of up to 9% led by Ternium, followed by Aluar (5.7%), Pampa (5.17%) and Mirgor (4.6%). On the other hand, Banco BBVA falls by up to 4.6%.

Regarding the papers listed on Wall Street, Pampa Energía, Central Puerto (3.7%), Transportadora Gas del Sur (3.2%) and YPF (3%) lead the advances of up to 4.6%. Banco Supervielle decreases 0.5%.

News in development.-

Source: Ambito

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