Argentina's Merval rose 0.8% to 3,009,029 on August 25, a third straight gain, while the wholesale peso edged to 1,512 per dollar. Banks led gains.
Key Facts
The Merval closed up 0.8% at 3,009,029 points, a third straight session of gains for Argentina’s main stock index.
The wholesale peso edged to 1,512 per US dollar, a new nominal record for the exchange rate as the managed crawl continues.
Transener jumped 5.8% and Transportadora de Gas del Norte rose 3.3%, leading a board where banks also advanced.
YPF fell 2.1% after a fatal accident at its Rincón del Mangrullo block in Vaca Muerta, with oil prices sliding as well.
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