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Montevideo, September 20th 2018 - 07:03 UTC

Tag: Investment bank Grupo Financiero Valores

  • Friday, June 22nd 2018 - 09:16 UTC

    Stocks up 6% and the Peso stabilized following MSCI upgrade of Argentina

    The local Merval stock index closed up 6%, led by industrials and banks. Investment bank Grupo Financiero Valores led gains, rising 18.3%

    Argentine stocks surged on Thursday after index provider MSCI upgraded the country to its emerging markets index a day earlier, a respite from months of dismal economic news for market-friendly President Mauricio Macri. The local Merval stock index closed up 6%, led by industrials and banks. Investment bank Grupo Financiero Valores led gains, rising 18.3%, while aluminum producer Aluar rose 13%.