The Buenos Aires stock market rebounded this Wednesday, November 15with selectivity for opportunity purchases, four days before a defining presidential electionl, in the midst of political and economic doubts.
The leading index BYMA’s S&P Merval gained 0.4%, to 636,902.61 unitsafter two consecutive falls.
“The main papers are once again the preferred vehicles for those operators more oriented to trading,” said one economist. “Operators recognize that the dynamics of local risk appetite will be totally hostage to the result of the second round and the possibilities of urgently implementing a stabilization plan with political consensus,” he noted.
Argentines will vote on Sunday for a new president in a runoff between the Minister of Economy Sergio Massa and the libertarian Javier Milei, in the middle of an even election.
Argentine shares on Wall Street
For their part, the papers of the Argentine companies that are quoted with disparityin a slightly positive day for the New York stock market.
The firmest advances of the day are led by the shares of Bioceres (+3.8%); Take off (+3.6%); and Edenor (+2.1%).
Among the main setbacks, meanwhile, appear the ADRs of Black Hill (-1.5%); IRSA (-0.8%); Telecom (-0.8%).
Source: Ambito
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