The Buenos Aires Stock Exchange shoots up 9.19% and the dollar remains stable By EFE

Buenos Aires, Sep 5 (.) .- The S&P Merval index of the shares of the leading companies listed on the Buenos Aires Stock Exchange continues to rise and closed this Thursday with a significant increase of 9.19%, while The price of the dollar remained stable in the local exchange market.

The Merval closed at 26,932.14 points, while at the end of the day, the S&P BYMA General Index stood at 1,157,667.21 points, with a growth of 9.01%.

The volume of business operated in shares totaled 995.4 million pesos (about 17.5 million dollars), with a result of 96 increases, eight declines and seven titles without changes in its price.

After a crash of 11.9% on Tuesday, the technical rebound that helped the Merval grow by 6.87% yesterday again favored the local stock market today.

"Taking advantage of the best external climate, but especially the new domestic political truce that transmits greater peace of mind, the assets manage to extend the technical rebound of yesterday, as some operators launch themselves to opportunity purchases," they said from Estudio Ber.

According to the Study, these operators "tactically bet that the punishment could have been excessive, even in the current environment of uncertainty" that lives in Argentina, after the collapse of the stock market and the local currency after the victory of the opposition in the August primary and subsequent government exchange control measures.

Among the leading companies, the shares that rose the most were Pampa Energía (+21.20%), Grupo Supervielle (+13.17%) and energy company Edenor (+12.46%).

On the contrary, only the papers of Aluar Aluminio Argentino closed in red numbers (-0.24%).

The exchange controls decreed last Sunday, which include the obligation for exporters to liquidate foreign currency in the local market and a purchase limit of $ 10,000 per month without authorization for natural persons, allowed for the fourth consecutive day, the price of the dollar remained stable in the local market.

The value of the US currency closed at 57 pesos for the sale and 54 for the purchase in the state-owned Banco Nación, just like this Wednesday.

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