Saturday , December 14 2019
Home / argentina / Local ADR closed several times a month: Galicia the best; Tenaris the worst

Local ADR closed several times a month: Galicia the best; Tenaris the worst


In positive terrain, they were located The ADR of the Galician Group with a monthly improvement of 20.4%, followed by Lloma Negra (+ 18.1%), Edenor (+ 13.4%), and the free market (+ 8.5%).

In the meantime, The biggest falls accumulated in November were Tenaris with -16.8% and Ternium (-8.9%), where his accomplishments were affected by the processing of his president Paolo Rocca in the framework of the so-called cause of the notebooks.

Meanwhile, the main Wall Street indexes operated with gains. It is that the markets were relieved after comments by the US commercial representative, Robert Lighthizer, who stated that I would be surprised if Saturday dinner between Trump and Xi "is not a success".

The opposing headlines over the commercial dispute have shaken in the markets before the two-day meeting that celebrates G-20 in Argentina.


The Merval index does not operate this Friday due to the firing established by the national government for the area of ​​the City of Buenos Aires for the completion of the G20 Presidents' Summit.

The leading panel accumulated an improvement of 6.75% in November, when closing the last round of the month with an increase of 1.1% and remaining at 31,482.59 points.

The best accomplishments of the month corresponded to the roles of Galicia Group (+ 22.4%), Edenor (+ 18.9%), French Bank (+ 13.6%) and Supervielle (12.7%).

By contrast, the casualties were led by Tenaris (-11.2%), Cablevisión (-8%) and Petrobras Brasil (-7.3%).

According to a report prepared by Porfolio Personal Inversiones, in November the yield of Merval left a gain in pesos of 7.4% and 1.9% in dollars.

With regard to the fixed-income segment, the good index prepared by the Argentine Institute of Capital Markets accumulated throughout the month an improvement of 1.97% driven essentially by the good performance of the coupons linked to L & # 39; GDP evolution, which marked rises of up to 32.63% in November.

On Wall Street, the stock of Argentine companies operated today in the majority, in a day in which the rise of 8% of Pampa Energia stood out, followed by Transportadora Gas del Sur (+ 4.67% ) and Grupo Supervielle (+ 3.95%).

Regarding the local plan, when it is only a month before the end of 2018, the Merval index of the Buenos Aires stock market accumulates an improvement of 4.71% throughout the year.

In the accumulated for the last eleven months, the ranking is led by Tenaris, with an improvement of 61.05%, followed by Transportadora Gas del Sur (+ 46.03%), Aluar (+ 41.98%) and YPF (+ 34.48%).

Source link