S&P Merval rises for the third round in a row and is on its way to closing the week in positive territory

S&P Merval rises for the third round in a row and is on its way to closing the week in positive territory

November 3, 2023 – 12:09

In a scenario marked by uncertainty regarding the next presidential runoff, stocks rose again.

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The Buenos Aires stock market deepens rise this Friday, November 3, and chain three advances in a row. In this way, it is aimed at closing the week in positive territory. This happens in a scenario marked by uncertainty than generating proximity with the runoff presidential.

In that framework, the S&P Merval advances 0.6%, to 654,510.67 units, after climbing 6.1% last Thursday, and after ending October with an improvement of 3.4% (reversing the 40% jump until the elections).

The leading panel actions operate mixed. The ones that mark biggest rises are Transener (+4%), Ternium (+4%) and Stock Bank (+23%). Meanwhile, those that fall the most are BBVA (-3.5%), Silver Commercial Society (-3.2%) and Macro Bank (-2.6%).

Argentine shares on Wall Street

For its part, the actions of Argentine companies that are listed in Wall Street operate with most rises. Those that rise the most are those of Free market (+3.2%), Supervielle Group (+3%) and Telecom (+2.8%).

Source: Ambito

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