The stock exchange adhered and rescheduled prices
Portada en Ingles
Columnist for Ámbito Financiero
However, the recipes are not longer respected anywhere so we had nothing else to do than to expect a rebound of the bond quotation, an improvement in country risk and an impact over the easily governable stock exchange.
With Grupo Galicia acting as pivot and deciding the rules of the game, with $7 million cash and 7% rise, the backbone of the indexes was secured.
Pérez Companc got 4% rise accompanied by Telecom; the others acted sympathetically. It was a nice day, the best of the month perhaps, as Merval index rose 4%. Trading volume was moderate: $25 million traded by local stocks and $5.5 million by CEDEAR.
Financial oxygen has turned up. It is not economic oxygen, it does not mean reactivation, or a radical solution, but it helps to "get by". For brokers it was an outstanding opportunity...
During the morning, the "Menem's club" had also turned up.