The S&P Merval index in pesos has a two-day rising streak. For the market, stocks still have “room to rise.”
The Buenos Aires stock market operates with selective declines on Monday in a market that focuses on increasing internal political tensions due to recent Government provisions.
Spending cuts to achieve zero deficit promoted by the ruling party They strain relations with the provincesat times when the strong inflation corrodes the purchasing power of the population.
he iS&P Merval index It operates with a drop of 1% to 1,094,413.38 units, after improving 3.78% last week and recording a historical maximum level of 1,334,440.1 points in pesos at the beginning of the month. This benchmark recognizes the 1,040,000 point area as a support level, said an analyst. For its part, the Merval in dollars falls 1.4% to 977.78 points.
“Company valuations are still behind and still have room to rise,” said another operator, although he noted that “the complicated political landscape creates dark clouds and makes it difficult to make a projection for the future.
News in development.-
Source: Ambito
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