"Pichetto effect": Argentine companies have increased their market value by 5 billion dollars

Since it was announced that Miguel Ángel Pichetto would be the candidate for the vice-presidency of Mauricio Macri in the upcoming elections, Argentine companies listed on the Buenos Aires Stock Exchange have increased their value by nearly 5,000 million. dollars, thus adding down the dollar price and other economic indicators is considered "Pichetto effect".

According to a report from the newspaper La Nación, the market value of Argentine companies listed on the Buenos Aires Stock Exchange increased by $ 4,831 million. Before the application of Pichetto, they amounted to 34.747 million dollars and now represented 39.579 million dollars.

In an interview with Clarín, Pichetto referred to "the effect" that they were baptizing from his last name, but said that in fact, it should be about "l & # 39; Macri effect ". "It gives me a little grace, but this has to do with the Macri effect, the bold decision was his, of course, I took the commitment, the market reacts to this kind fact, sometimes bad, sometimes good, This case has responded well, he reacted to the extremely beneficial election proposal, "he said about economic indicators.

On the possibility that his figure may attract the votes of the so-called red circle, Pichetto said that "the votes are from the president, he is the creator of this political space, I think his decision has more to do with what I represents, relations with the economic establishment, with New York ".