ARGENTINA: Merval Increases 0.99% Boosted By Indicators

By | September 22, 2017

Merval, the main index of the Buenos Aires Stock Exchange, rose 0.99% Thursday, closing at 24,576.96 points driven mainly by positive financial signs.

Inning accordance with the Argentinean data office, the provisionary price quote for the country’s Gross Domestic Product (GDP) in the second quarter of 2017 showed a 2.7% boost when compared to the exact same period of 2016.

Argentina’s joblessness rate fell by 0.5 portion point (pp), to 8.7% of the economically active population, in the second quarter of the year when compared to the immediately previous quarter.

At the same time, the Customer Confidence Index in Argentina increased by 7.2% in September compared to August, according to a study performed by Torcuato Di Tella University’s Center for Research study in Financing.

The shares of TGN (+3.66%), TGS (+3.62%), Transener (+3.31%), and Banco Macro (+3%) increased, while San Miguel (-2.08%), Central Puerto (-1.80%), and Consultatio (-1.63%) fell.

The in your area traded U.S. dollar increased 0.43%, closing at 17.27 Argentinean pesos as demand from companies and banks pressed the currency’s rate all over the week.

The product has been offered by InstaForex Company – www.instaforex.com

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