ARGENTINA: Merval Sets New Record

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Merval, the main index of the Buenos Aires Stock Exchange, rose 1.16%, closing at 22,988.27 points Friday and setting a new record high still due to the euphoria of the investors after the ruling coalition’s victory in last Sunday’s primary legislative elections. In the week, driven by the results, the Merval climbed 6.21%.

According to Eduardo Fern?ndez, an analyst at Rava Burs?til, the leading stocks rebounded after the profit-taking movement seen in the previous session.

The shares of Agrometal (-2.82%), Central Puerto (-2.01%), Pampa (-1.19%) and San Miguel (-0.51%) fell, while Autopistas del Sol (+4.97%), Petrobras (+4.56%), Edenor (+3.83%), and TGN (+3.45%) posted the highest gains.

On Monday, the Buenos Aires Stock Exchange will be closed due to a holiday. For Tuesday afternoon, the General Confederation of Labor (CGT) has called against the economic reforms promoted by the President Mauricio Macri.



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