MADRID, 2 Ene. (EUROPA PRESS) –
The S
In the first half of the year, the revaluation has been 110.94%, while the second half, to date, has resulted in an increase of 118.12%. July has been the best month for the Buenos Aires Stock Exchange, with a rise of 42.98%.
The good data from the Argentine stock market contrast enormously with the macroeconomic situation of the country, which is going through a scenario of inflationary crisis, high poverty and economic recession for this year.
The great boost in the Argentine stock market began in August, with the celebration of the Primary, Open, Simultaneous and Mandatory elections (PASO), the first appointment with the polls of the year. Specifically, during said month, there was a revaluation of 38.86%, reaching historical levels.
The victory of the La Libertad Avanza candidate, Javier Milei, who registered 29.86% of the votes, brought a new green day for the Argentine stock market. On August 14, the market welcomed this result, causing a rise of 3.3% since Friday, August 11, the last day prior to the event.
Throughout that week, between August 14 and August 18, there were five green days for the S
Again, in October the first round of the presidential elections was held, in which the good result achieved by the Peronist candidate and former Minister of Economy, Sergio Massa, led to a 12.44% fall in the stock market.
However, after the second round, in which the presidency of the country was disputed between Massa and Milei, and which ended with the victory of the second, S
In the first month since the final result of the election, on December 19, there was a revaluation of 44%. At that time, Milei had already been in office for 9 days, to which another ten have now been added, in which controversial economic policies have been approved. Thus, since last December 10, there has been a 4% drop in the value of the index.
