The local shares of the S&P Merval climb after the inactivity of the holiday, with companies in the energy sector leading the market trend. The Merval in dollars, at highs since pre-STEP.
The S&P Merval rises this Tuesday, November 21, amid price adjustments after the victory of Javier Milei in the presidential elections on Sunday and a local holiday. On Monday, foreign markets reacted with firm gains of up to 40%.
The Argentine papers listed in New York reversed the initial trend and fell up to 4.5% thanks to Edenor, Grupo Financiero Galicia (-3.7%), Cresud (-3.7%) and Pampa Energía (-1.5% ). On the other hand, Telecom Argentina advances up to 10% and Mercado Libre with 1.6%.
It is worth remembering that the previous day, where the local market did not operate, the Argentine shares in New York, They rose 39.9% led by YPF, which represents an unprecedented daily advance.
With this strong increase, the Argentine oil company managed to reach US$15 per share (compared to US$10.73 on Friday) and Its market capitalization exceeded US$15 billion.
S&P Merval
For its part, the porteño bag rises up to 16% to 751,486.83 points led by strong gains of up to 35% from YPF, Telecom Argentina (33%), Transportadora Gas del Sur (22%), Transportadora Gas del Norte (21%) and Transener ( 19%). Only Mirgor’s shares fell by up to 8.7%.
He Merval in dollars Meanwhile, it advances 17.1% to 872 points, highest in four months when on July 26 it reached 888.04 points.
Source: Ambito
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