October 25, 2014
Merval rises 1.7%, breaks 10,000 points mark
The Merval stock market has increased 1.7 percent, breaking the historical milestone of 10,000 points to close at 10,116.44, after local financial assets saw little movement on Monday due to the US Labour Day holiday.
The hike was provoked mainly by an increase in blue-chip swap transactions, analysts said, as investors operated in dollarized assets such as the Bonar 2017, which went up 0.8%, the Boden 2015 (0.1%) and the Bonar 2024 (0.5%).
Alunar stocks saw some of the biggest gains, rising 5.3%, followed by Banco Frances (4.5%), Galicia (3.1%), and Macro (2.9%).
The country risk fell 3.1% to close at 783 basic points.