However, in dollars the stock index continues to fall, this time by 0.5%.
The Argentine stock market maintains its upward trend in the first week of 2024 and overcomes the psychological barrier of one million points this Friday, December 5, in a roundtable where the sights are set on the meeting with the International Monetary Fund (IMF). Meanwhile, part of the Argentine stocks operate mixed in Wall Street.
In that framework, the S&P Merval rises 1.3% in pesosuntil 1,018,301.55 unitsdriven by a new advance of the CCL dollar. However, in dollarshe stock index continues to lose, this time by 0.5%.
In the local market, shares operate with a majority of increases, led by Northern Gas Transport (+4.6%), BYMA (+3.8%), Aluar (+3.2%), Central Port (+2.9%) and Ternium (+2.6%). For their part, those that decrease the most are Edenor (-0.9%), Stock Bank (-0.3%), Cresud (-0.3%) and Pampa Energy (-0.1%).
Argentine shares on Wall Street
For their part, the Argentine papers that are listed in Wall Street mixed. The increases are led by YPF (+2.2%) and Gas Conveyor (+2%) Free Market (+2%) after the predictions of significant increases for Marcos Galperín’s company indicated by two large banks. Meanwhile, the falls are led by Edenor (-4.4%), IRSA (-2.4%), Supervielle Group (-1.2%) and Cresud (-0.6%).
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
