© Archyde.com/AGUSTIN MARCARIAN
Archive photo: operator observes prices in the Buenos Aires Stock Exchange.
BUENOS AIRES, March 8 (Archyde.com) – Argentina’s stock market rose on Tuesday in its first deals thanks to purchases by institutional investors, tempted by competitive prices following a sharp market decline in previous rounds.
The political negotiation of the Government with legislators in Congress to advance the agreement with the IMF for a debt restructuring and the military conflict on Ukrainian soil following the Russian invasion, are two focuses of attention among investors.
The leading S&P Merval index gained 0.99% to 88,820.32 points at 11:05 local time (1405 GMT), once morest a decline of 3.94% between Friday and Monday, boosted by financial and energy papers.
The current international firmness of oil and wheat are shaking businesses with assets, operators agree.
(Reporting by Jorge Otaola; Editing by Eliana Raszewski)
