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The Dollar and Stock Exchange give good news on the last day of operation before the G20 holiday



Reflecting the small activity seen in the streets of downtown Buenos Aires, the stock market and the stock market showed a slight increase in wheels with several operations ahead of this Friday's holiday by the G20 Leaders Summit.

With a fell 80 cents (-1.84%) compared with Wednesday's close, the exchange rate closed at $ 38.80 for sale, still found margins to reach the floor of the non-intervention zone governed by the Central Bank. The fall represents the third consecutive day of losses in the currency after the approach to $ 40 on Monday triggered several alarms on the market.

The retail and wholesale markets (which recorded a decline reaching $ 37.72), were affected by the cessation of banking activities on the market after 13 hours. The stock market closed with a Merval panel increase of 1.4% compared to yesterday.

For next Monday, the non-intervention zone ceiling will be $ 46.72 while the floor will be at $ 36.10., after November where the accumulated increase reached around 5 percent.

In activities that are trimmed on the stock market, the results are also positive, with Merval's stock index rose 1.5% to 31,593 units. At the same time, the leading share panel of Bolsas y Mercados Argentinos (ByMA) reached a 2.8% increase in this week's accumulation.

Tenaris's actions were highlighted, with 4.4% deductions after the processing of the president and CEO was announced, Paolo Rocca, in the case of a bribery book K. Sovereign bonds in the Electronic Open Market (MAE), meanwhile, show price stability during the day, closing only 0.2% on the month, from the hands of a country risk at 703 basis points.

Other daily reference variables for the market, Liquidity Letters (Leliq), show a decrease in their annual rates, going from 61.188% from Wednesday's auction to 60.753%. With respect to the maturity of Thursday's Leliqs of $ 145,725 million, the monetary entity managed to absorb excess liquidity to around 43,420 million pesos.

In the US, ADR has a good day with general improvement. Only Telecom (-1.8) and Tenaris (-2.8) are red. Among the increases were Pampa (+ 5.4%), Banco Galicia and Banco Francés (+ 4.8%) and Edenor (4%).


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