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%).