It is worth remembering that the Government placed 11.7 trillion pesos (about 13,198 million dollars) the day before, absorbing a large part of the market’s liquidity, operators agree.
The index of Argentine Stock Exchanges and Markets (BYMA), the S&P Merval, begins the last session of the week with selective corrections in a market that seeks to consolidate near historical maximum levels and at a time when investors are looking for higher returns after a wide tender for Treasury securities.
It is worth remembering that the Government placed 11.7 trillion pesos (about 13,198 million dollars) the day before, absorbing a large part of the market’s liquidity, operators agree.
In this context, the local stock market stock index loses a slight 0.1%, to 1,479,756.10 units, and remains close to its record level of 1,505,718.34 points recorded last week.
“The closing of the tender shows that in the market there is liquidity of pesos that seek returns and the stock market can be a good alternative,” said a stock market operator.
Politically, the market is closely following the negotiations of the ruling party to be able to advance in Congress with the so-called “Bases Law” that is being discussed in committee in the Chamber of Senators, after being endorsed by the Chamber of Deputies.
News in development.-
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.
