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MercoPress, en Español

Montevideo, December 24th 2024 - 02:23 UTC

Tag: MSCI Index provide

  • 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%.

  • Thursday, June 21st 2018 - 06:55 UTC

    A good one for Macri: MSCI decides to reclassify Argentina as an emerging market

    For Argentina it is some rare positive news for its economy, as market-friendly Macri seeks to normalize the country’s international financial standing

    Index provider MSCI said on Wednesday it will reclassify Argentina as an emerging market and begin including Saudi Arabia in that classification, sharply broadening the investor base for both countries in a move that could be supportive of their equity markets. The decisions will be effective beginning in mid-2019.