December 12, 2013
BA stocks edge up 2%, Moreno lowers 'blue' dollar
Local stocks edge up 2 percent with the Merval benchmark stock index reaching 3,925.31 points as the government announced stocks listed in the market will not be taxed in the new income tax scheme.
US dollar was trading one cent higher at 5.59 pesos (buying price) and 5.65 (selling price) at exchange offices and banks. Devaluation over the first eight months of the year reaches15 percent, already exceeding 2012 trends.
The informal market registers a slight rise following Tuesday’s strong climb. Greenbacks operating in exchange “caves” was hiting today 9.55 pesos, but then it suddenly dropped after the massive police ride organised by Domestic Trade Secretary Guillermo Moreno in the City centre. Unofficial dollar operators closed the day with 9.40 pesos per dollar and announced "cave holidays".