Tag: Merval stock index

• Friday, June 22nd 2018 - 09:16 UTC

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

  

  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%.