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Merval climbed 3.58% as Argentine ADRs in New York traded with mixed results

In the local market, the Merval flagship panel closed with a predominance of positive results: the shares of Banco Macro and Grupo Financiero Galicia were the ones that recorded the best results, with increases of 6.10% and 5% respectively, 69%; followed by Grupo Financiero Valores (5.35%) and BBVA (5.04%).

The only three companies that adjusted with decreases were Agrometal (-3.04%), Sociedad Comercial del Plata (-0.97%) and Mirgor (-0.25%).

On Wall Street, shares of Argentine companies closed with mixed records.

Among the improvements those of Banco Macro stand out (3.5%); Financial Group of Galicia (2.8%); YPF (2.8%); and BBVA (2.7%).

Among the losses stands out Banco Supervielle (-2.7%); Tenaris (-2.3%); Despegar (-2.2%) and Irsa (-2%).

In the fixed income segment, dollar bonds recorded increases of up to 3% in some cases and decreases of up to 2.7% in others.

Meanwhile, peso stocks posted gains of up to 0.9% and losses of up to 0.1%.

In this scenario, country risk closed stable at 2,154 basis points.

In the foreign exchange market, the retail dollar closed today at an average of 183.51 dollars, up 39 cents from the last record of yesterday’s session.

In equities, the Dollar Cash with Settlement (CCL) rose 2.6%, to $346.13; and the MEP fell 1.1%, to $331.63.

In the informal market, the so-called “blue” dollar adjusted to $357 per unit, an increase of $1 from the previous day.

In the wholesale market, the US currency was up 35 cents from the last close, closing at $176.40.

With today’s records, the dollar with the 30% country tax surcharge averaged $238.56 per unit; and with prepayment of 35% income tax on foreign currency purchases, the median value was $302.79.

The dollar intended for tourism abroad – and which has a tax rate of 45% – was positioned at $321.14, while for purchases over $300 – which has an additional tax of 25% – it was positioned at $367..02.

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