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Financial News: ARGENTINA: Merval Ends Nearly Unchanged, But Rises 7%

ARGENTINA: Merval Ends Nearly Unchanged, But Rises 7% In The Week

05/20/2018 - 08:39:00 (RTTNews)

(RTTNews) - Merval, the benchmark stock market index in Argentina, rose 0.20% to 31,869.82 points Friday, showing some stability after increasing 7% in the week.

"The index again tried to break the resistance at the 32,000 points but could not manage to do so. A higher trading volume will be vital for that," said Eduardo Fernandez, from Rava Bursatil.

Stock from PGR (8,44%), Edenor (6,09%) and Mirgor (4,05%) recorded the best perfomances, while Distribuidora de Gas Cuyana (-3,19%), Endesa Costanera (-2,73%) and Comercial del Plata (-2,54%) were at the opposite end.

The locally traded US dollar rose 0.45%, to 24.43 pesos, after a volatile session and riding the positive trend from the last few days. The Argentinean central bank refrained from recent market interventions.

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