On Wednesday, February 28th, the S&P Merval index falls for the third consecutive session. This occurs amid tension between the Government of Javier Milei and the province of Chubut over revenue sharing funds.
In this context, the stock index retreats by 0.9%, reaching 1,024,643.260 units. Thus far this week, it has accumulated a decline of 8.2% after falling during the first three sessions of the week. In the local market, stocks are mostly down. The biggest decliners include Grupo Supervielle (-3.2%), Sociedad Comercial del Plata (-2.4%), and Cresud (-1.8%).
On the other hand, Argentine stocks trading on Wall Street are mostly down as well. The ones experiencing the greatest losses are IRSA (-2.1%), Bioceres (-1.7%), and Central Puerto (-1.6%). Meanwhile, the only gainers are Banco Macro (+2.1%), Grupo Financiero Galicia (+1.1%), and Transportadora de Gas del Sur (+0.9%).
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