The S&P Merval maintains the bullish path with its sights set on the meeting with the IMF

The S&P Merval maintains the bullish path with its sights set on the meeting with the IMF

The Government will receive on Friday a credit agency delegationwith which he is close to reaching an agreement on a revision delay of its $44 billion program, sources told Reuters.

He S&P Merval It rises 1.5%, to 987,154.70 units, against a jump of 4.51% on Wednesday and the accumulated gain of 360.1% during 2023.

Analysts consider that the meeting with the IMF This is a key step that would put the country on the path to unlock the next tranche of financingestimated at about US$3,000 million in the short term.

In this framework, local shares rise up to 3% led by Loma Negra, followed by Transportadora Gas del Norte (2.8%), Telecom Argentina (2.6%), Aluar (2.5%) and Edenor (2. 5%).

ADrs on Wall Street

For its part, Argentine papers listed abroad operate with a majority of headed falls by Loma Negra (-1.7%), Transportadora Gas del Sur (-1.5%), Edenor (-1.2%) and Banco Supervielle (-1.1%). Meanwhile, the advances correspond to Banco Macro (0.9%), Despegar (0.8%) and Corporación América (0.7%).

Source: Ambito

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