Buenos Aires stocks moved up 0.81 percent today, with the Merval benchmark stock index reaching 2,478.99 points.
The positive movement in trading continued after a US court ruling yesterday which refused to order Argentina to pay a security deposit of at least US$250 million while it seeks to overturn a lower court ruling that orders it to pay holdout investors US$1.33 billion.
The Merval has accumulated gains of 5.6% so far this week and 1.6% this month.
Argentina’s country-risk fell by 1.6%, standing at 1,095 basis points in the JP Morgan EMBI index.
Source: Buenos Aires Herald