S&P Merval climbed 4%, and ADRs rose to 9.2%

The S&P Merval de Bolsas y Mercados Argentinos (BYMA) index improved by 4% to 41,388.50 points. Argentine corporate paper ended with the most increases led by Pampa Energía (+9.2%); Banco Macro (+7.5%); Grupo Financiero Galicia (+7.1%); Corporación América (+6.8%); and Transportadora Gas del Sur (+6.6%). Argentine country risk, which is prepared by the US bank JP Morgan, remained almost stable, rising just two points to close at 2,784 units.

Source: Ámbito