S&P Merval marks fourth consecutive rise and an Argentine company climbs 7% on Wall Street

S&P Merval marks fourth consecutive rise and an Argentine company climbs 7% on Wall Street

The BYMA stock index advances 2.9%, to 1,162,215.57 units. In this way, he chains his fourth climb in the thread.

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He S&P Merval goes up this Tuesday, March 20, for selective purchases waiting for political and economic advances from the president Javier Milei. In this framework, a Argentine company climbs 7% in Wall Street.

He BYMA stock index advances 2.9%to 1,162,215.57 units. In this way, he chains his fourth upload in the thread.

Thus, in the local squarethe shares traded with generalized increases. Those that record the greatest profits are those of Edenor (+4.9%), Aluar (+4.1%) and Northern Gas Carrier (+4%).

Argentine stocks on Wall Street: how they operate this Wednesday, March 20

For their part, Argentine stocks listed on Wall Street operate with most rises and with a company that stands out for increasing 7%: Take off. The ADRs that follow in terms of daily increase are those of Edenor (+3.5%) and Cresud (+2.8%). Meanwhile, the only companies that fall are those of Supervielle Group (-1.6%) and Free market (-1%).

S&P Merval rises: in what context?

He rejection of the High camera of the Congress to the decree (DNU) that deregulates the economy, enacted in December, creates uncertainty since now it must be treated by the deputies to determine its validity, while a positive trade balance in February and a fiscal surplus In the first two months of the year they consolidate the country’s accounts.

Progress in Congress “would be a positive driver for actionssince it would have a positive impact on the operations of the businesses they represent,” said Personal Portfolio Investments.

Source: Ambito

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