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InstaForex - Official partner of Dragon Racing

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InstaForex - Official partner of Dragon Racing

2017.09.1421:23:00UTC+00ARGENTINA: Merval Reverses Gains And Falls 0.53%

Merval, the main index of the Buenos Aires Stock Exchange, reversed its initial bullish course in the afternoon to fall by 0.53% Thursday, closing at 23,708.15 points.

"The local market did not find a defined course in these last few sessions, and although the slight losses, there is no trend continuity," said Oscar Campos.

Meanwhile, the oil companies are closely monitoring the possible resumption of natural gas imports by Chile from 2018 on.

The shares of Tenaris (+2.35%), Mirgor (+1.96%), and Costanera (+1.39%) rose, while Aluar (-3.11%), Telecom (-1.92%), TGN (-1.68%), and Siderar (-1.65%) fell.

The locally traded U.S. dollar fell 0.46%, to 16.99 pesos. It is the lowest level in two months in the Argentinean market, as the daily oversupply of the greenback translated the weakness of the U.S. currency.

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