At the hands of Pampa and Tenaris, the Merval gained 1.3% (helped dollar and Wall Street)

With a volume greater than in the last wheels, the Buenos Aires stock market recorded gains Monday supported by a positive external climate, in a day marked by the strong rise of the dollar.

Merval Index of Argentine Stock Exchanges and Markets rose by 1.3% to 31,131.87 units, stimulated by the increase in "free cash flow", most of the ADR remained in negative territory, in particular the banking paper which suffered the biggest declines.

Among the most important promotions of the day, the roles of Pampa Energía (+ 6.8%); Tenaris (+ 6.7%); and Aluar (+ 3.8%).

The note of the day indicated that the volume operated exceeded $ 1,000 million. There were 51 rises, 25 losses and 10 actions without change.

In the general panel, Telecom's progress stood out (+ 13.3%); followed by Loma Negra (9.9%); and Santander (7.9%).

Global markets were boosted by the Brexit deal in Europe, which helped reduce global uncertainty and positive sales figures for Black Friday in the United States. The industrial average Dow Jones rose 1.5%; the S & P 500 index gained 1.5%; and Nasdaq grew 2.1%.

"A few days before the end of November, and we enter the last part of the year.Beyond the current complex scenario, it also represents a time that the nobility forces, which leads investors to" dream "with the famous rally – certainly not verifiable – However, for the moment, the reality remains distant from this phenomenon ", estimated from the personal portfolio.

• Fixed income

In the fixed income sector, major dollar (peso) bonds led to strong increases supported by the US dollar's new surge in the wholesale foreign exchange market (it climbed nearly 4% and exceeded 39 dollars), in the middle of the year. disarmament of the portfolios in pesos.

Among the most traded, Bonar 2024 rose by 2.1%, Bonar 2020 by 3.1% and Discount under Argentine law by 2.6%. The largest increases were recorded on Bonus of 100 years (+ 5%); the peer (up to 4.9%); and the 2018 Bonar (+ 3.4%). In contrast, bonds averaged 0.5% of their dollar contributions.

Finally, the country risk measured by the bank JP.Morgan he lost six units at 682 basis points.