Key Facts
The Merval, Argentina’s main stock index, fell 1.76% to close at 3,100,732 points on Thursday, dragged lower by financial and energy shares.
The peso weakened to 1,500 per US dollar a move of 0.23% that places the currency right at the weakest point of its 52-week range.
Country risk, a measure of the extra yield investors demand to hold Argentine debt, spiked over 4% to 446 basis points, reflecting fresh caution after the central bank ruled out a debtors’ bailout.
YPF, the state-controlled oil producer, rallied 2% as the company confirmed it raised US$405 million selling two mature oil fields to Pérez Companc’s Pecom.
