The Merval closed lower and ADRs traded almost all in negative territory.
CE Noticias Financieras (Latin America)
The Buenos Aires stock market closed today with a 0.75% drop in the S&P Merval index and Argentinean companies’ shares on Wall Street (ADR’s) ended with a majority of losses in a global context with ups and downs in the main indexes and markets around the world. The main indexes of the US stock market closed with a majority of increases, such as the S&P 500 (0.15%) and the industrial Dow Jones (0.10%); and a slight decrease in the technological Nasdaq (-0.03%). In the Buenos Aires market, the highest share gains in the leading panel were recorded by Cresud (4.23%), Irsa (3.93%) and Molinos Agro (2.57%), while the biggest declines of the day were led by Dycasa (-4.63%), Havanna (-4.61%) and Central Puerto (-3.89%). Argentine companies in New York ended the day with a majority of declines led by Edenor (-4.07%), Irsa (-4.04%) and Banco Macro (-4.00%), while the only increase was registered in Despegar (6.04%). The country risk rose 0.93% to 1,612 basis points, below its highest levels of the last month. In the foreign exchange market, the official dollar ended today at $97.75 for purchase and $103.75 for sale at Banco Nación, unchanged from yesterday. Meanwhile, in the informal segment, the so-called “blue” dollar traded $1 higher than yesterday, at an average of $186 per unit. Meanwhile, in the stock market, the spot dollar (CCL) and the MEP advanced to $174.23 and $174.04, respectively, at the end of the trading session. In the wholesale market, the U.S. dollar closed at $98.56 per unit, two cents above yesterday’s closing price. (Télam)