(Agencia CMA Latam) - Merval, the main index of the Buenos Aires Stock Exchange, rose 0.24% to close at 25,056.12 points Monday, cutting the gains posted earlier.
"The local market recorded its sixth consecutive rise, and the volume operated reached 669 million pesos," said Viviana Bonifati, an analyst at Intervalores.
Central Puerto rose 5.42% after reports that the company would be the winner of a tender to generate electricity from geothermal sources.
The shares of Mirgor (+6.61%), Central Puerto (+5.42%), Comercial del Plata (+4.62%), Petrobras Brasil (+1.81%), and San Miguel (+1.77%) also rose, while Petrolera Pampa (-2.44%), Agrometal (-2.23%), Distribución de Gas Cuyana (-2.21%), and TGN (-2.14%) fell.
The locally traded U.S. dollar rose 1.29%, closing at 17.52 Argentinean pesos as genuine buying orders came from companies and banks, increasing foreign exchange operations by 7% comparing to Friday.
by Agencia CMA Latam
For comments and feedback: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.