The Buenos Aires Stock Exchange closes with a drop of 3.57%

Buenos Aires, Nov. 16 (EFE) .- The S&P Merval index of shares of the main companies listed on the Buenos Aires Stock Exchange closed on Tuesday with a drop of 3.57%, to 89,674.14 points, for its third consecutive day in negative.

For its part, the general S&P BYMA index closed at 3,737,687.82 units, down 3.59%.

The volume of business traded in equities totaled 1,974 million pesos (about $ 18.7 million), with a balance of 16 ups, 49 downs and five unchanged shares in the general panel.

Among the leaders, the stocks that lost the most were those of Banco Macro (-7.44%), Transportadora Gas del Norte (-7.24%) and Grupo Financiero Galicia (-7.23%).

Conversely, the securities of Cablevisión Holding (2.17%), Laboratorios Richmond (0.84%) and Cresud (0.18%) closed in positive territory.

Meanwhile, Argentine government securities rose 0.2% on average in dollar prices, while Argentina’s country risk index rose 1.3% to 1,705 basis points.

In the foreign exchange market, the price of the US dollar remained stable at the public bank Banco Nación, where it closed at a historic high of 99.50 pesos for purchase and 105.50 pesos for sale to the public, while as the wholesale dollar advanced two cents to a new high of 100.29 pesos per unit.

For its part, the price of US currency in the informal market rose by one peso, to 200.50 pesos per unit for sale.

The biggest news of the day in foreign exchange was recorded in the square of so-called “financial dollars”.

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