FOREX TradingCharts.com

Financial News: ARGENTINA: Merval Falls 2.98% As Investors Take Profits

ARGENTINA: Merval Falls 2.98% As Investors Take Profits And Square Positions

11/10/2017 - 17:33:00 (RTTNews)

(RTTNews) - Merval, the main index of the Buenos Aires Stock Exchange, reversed earlier gains caused by good quarterly results to close down 2.98% Friday at 27,116.99 points, hit by profit-taking. In the week, the Merval fell 3.10%.

Guido Macchi, from Macchi Valores, noted that most of the quarterly results released so far had been the best published by companies listed in Merval in a long time. Those results led investors to "take a break and produce a profit-taking to remake their positions or to withdraw for a while."

Mirgor fell 1.54% after reporting 636,862 million pesos gains for the nine-month period ended in September 2017. Central Puerto dropped 1.90% after profiting 2 billion pesos for the same period. Edenor lost 3% per share after reversing losses in the third quarter of 2017. Meanwhile, Sociedad Comercial del Plata receded 7.59% after reporting losses of 41 million pesos in the third quarter of 2017, increasing losses compared to the same period in 2016.

The locally traded U.S. dollar closed the last round of the week with a decrease of 0.10%, at 17.49 Argentinean pesos, still influenced by the interest rate hike conducted by the country's central bank earlier this week.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


ECB Minutes: Policy Makers Broadly Agreed For Further Extension Of APP (08 hr(s), 53 min(s), 17 sec(s) ago)
(RTTNews) - Large majority of European Central Bank's policymakers supported the extension of ...Full Story»

Germany's GDP Growth Rises On Exports, Investment (10 hr(s), 18 min(s), 17 sec(s) ago)
(RTTNews) - Germany expanded at a faster pace in the third quarter on robust foreign demand and in ...Full Story»

Iceland Jobless Rate Rises For Third Month (10 hr(s), 40 min(s), 17 sec(s) ago)
(RTTNews) - Iceland's unemployment rate increased for the third straight month in October, fig ...Full Story»

UK Retail Sales Rebound In November: CBI (10 hr(s), 54 min(s), 17 sec(s) ago)
(RTTNews) - British retail sales expanded in November following a significant contraction in Octob ...Full Story»

Eurozone Private Sector Growth Gains Momentum (11 hr(s), 16 min(s), 17 sec(s) ago)
(RTTNews) - The Eurozone private sector showed signs of growth momentum picking up in the fourth q ...Full Story»

Bulgaria Money Supply Growth Remains Stable In October (11 hr(s), 21 min(s), 17 sec(s) ago)
(RTTNews) - Bulgaria's money supply growth held steady in October, figures from the Bulgarian ...Full Story»

UK Q3 GDP Growth Improves On Spending (12 hr(s), 22 min(s), 17 sec(s) ago)
(RTTNews) - The UK economy expanded at a faster pace in the third quarter, largely driven by priva ...Full Story»

Taiwan Industrial Output Growth Slows More Than Forecast (12 hr(s), 35 min(s), 17 sec(s) ago)
(RTTNews) - Taiwan's industrial production growth eased at a faster-than-expected pace in Octo ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

ECB Minutes: Policy Makers Broadly Agreed For Further Extension Of APP

11/23/2017 - 08:40 AM (RTTNews)
(RTTNews) - Large majority of European Central Bank's policymakers supported the extension of ...Full Story>>

Germany's GDP Growth Rises On Exports, Investment

11/23/2017 - 07:15 AM (RTTNews)
(RTTNews) - Germany expanded at a faster pace in the third quarter on robust foreign demand and in ...Full Story>>

Iceland Jobless Rate Rises For Third Month

11/23/2017 - 06:53 AM (RTTNews)
(RTTNews) - Iceland's unemployment rate increased for the third straight month in October, fig ...Full Story>>

UK Retail Sales Rebound In November: CBI

11/23/2017 - 06:39 AM (RTTNews)
(RTTNews) - British retail sales expanded in November following a significant contraction in Octob ...Full Story>>

Eurozone Private Sector Growth Gains Momentum

11/23/2017 - 06:17 AM (RTTNews)
(RTTNews) - The Eurozone private sector showed signs of growth momentum picking up in the fourth q ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.