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The S&P Merval does not raise its head: it marks a slight decline again under pressure from the CCL

The S&P Merval does not raise its head: it marks a slight decline again under pressure from the CCL
February 21, 2024 – 12:10

The stock market recorded its intraday record in pesos at the beginning of the month, although the trend changed with the defeat of the Government in Congress, which rejected its ambitious “omnibus law.”

Meanwhile, the declines for Argentine papers in that market are for: Grupo Financiero Galicia (-1.3%); Banco Supervielle (-0.2%) and Mercado Libre (-0.2%).

Argentine News

The leading index of Argentine Stock Exchanges and Markets, S&P Merval, seems not to lift its head and again, this Wednesday, it gives way again. This happens after Tuesday saw the fourth drop in the last five sessions.

The negative trend registered in February thus extends to this wheel and adds a negative day to the already red February which, in the final stretch of the month, already adds up to a loss of close to 16%. This happens after new definitions of the Minister of Economy, Luis Caputoon devaluationhe stocks and the COUNTRY tax.

Thus, the greatest decreases are for Silver Commercial Society (-2.7%%); BBVA Argentina (-1.5%) Aluar (-1.5%). Meanwhile, the increases are for Transener (+2.5%), Northern Gas Carrier (+2.4%) and Black Hill(+1.4%).

Argentine shares on Wall Street

Meanwhile, the shares of Argentine companies listed in New York operate with a majority of profits and one of them skyrockets: Ternium rises 8.3%. Followed by Telecom Argentina (+4%); Edenor (+3.1%) and Transportadora de Gas del Sur (+2.8%).

Meanwhile, the declines for Argentine papers in that market are for: Grupo Financiero Galicia (-1.3%); Banco Supervielle (-0.2%) and Mercado Libre (-0.2%).

Source: Ambito

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