The S&P Merval rises 1.5%, to 663,890.36 units. In this way, the index is dragging a two-session streak of strong declines.
Argentine stocks in Wall Street soars this Wednesday, October 25. This happens while the market continues to adjust to the election results last Sunday and after the announcement of support for Javier Milei by Patricia BullrichFacing the runoff.
In that framework, the S&P Merval rises 1.5%to 663,890.36 units. In this way, the index drags short a streak of two sessions of strong declines.
In that framework, in the leading panelthe shares of companies that register further progress are those of Cresud (+7.5%), BBVA (+5.8%) and Aluar (+5.7%). Those that fall the most are those of Edenor (-4.4%), Mirgor (-4.1%) and Southern Gas Carrier (-1.6%).
Stocks on Wall Street
Meanwhile, the performance of the shares of Argentine companies that are listed in Wall Street is different from that of the local stock market, when operating with most rises. Among them, the ones that climb the most are those of Supervielle Group (+9.4%), Macro Bank (+8.7%) and BBVA (+8.3%).
“The strong rise in banks It is because this pronouncement of Bullrich in favor of Milei, paves the way for Massa. Because if he paved the way for Milei, it wouldn’t be the banks that would benefit the most,” he told Ambit a market source.
Source: Ambito
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