Short of breath, the market did its best
Portada en Ingles
Columnist for Ámbito Financiero
Putting the deposit certificates ($1.6 million) aside, only $16.5 million were traded in local stocks.
Merval opened trading on a bearish note due to the political conflict over Carlos Menem, to the fact that Cavallo questioned the statements of a member of his team, and to country-risk which was still high. The index fell to 411 points and then it started to rise as positive signs were given from overseas.
Finally, both Merval indexes closed almost neutral; rounding off a session which may as well be forgotten.
Testing the year's levels, hitting low levels and then rising, April's market says goodbye short of breath and with no enthusiasm.