Financial Summary: The Merval rose 4.45%

October 11, 2011  |   Filed under: Economics  |   Posted by:

 

Argentina, October 11, 2011

 

Despite the minimal losses in Europe, Buenos Aires Stock Exchange rose by 4.45% for the effects of the announcement of the rescue of the EU-IMF to Greece. The Real and the Euro rose sharply.

The news of the authorization of new funds for the Hellene government to meet payments had generated a sharp rise in global markets yesterday, while today there were minimal negative variations (less than 0.5%).

In the City, this effect had not been felt because, yesterday, being a holiday, there were no operations. Thus, despite a relatively small trade (32 million pesos), the shares registered a growth of almost 4.5%.

The main improvements were the Siderar (+9,43%), Mirgor (+7,54%), Grupo Galicia (+6,59%), Banco Macro (+5,66%), Banco Frances (+4, 90%), and Banco Hipotecario (+4,82%).

Meanwhile, there was a significant change in the Euro and the Real. While the dollar, with a Central Bank operation, retained its price, the euro rose 9 cents to settle at $ 5.82, and the Brazilian currency traded at $ 2.39, 7 cents more from Friday.

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