Tuesday, July 22, 2014

Buenos Aires stocks fall after vulture fund hearing

Buenos Aires City stock market deepened its downward trend after US Judge Thomas Griesa denied a new Argentine request for a suspension of the order to pay bondholders before July 30. Merval index went down by 2.8% to 8,199.5 units.

Among public titles, Bonar 2017 droped by 1.8%, the dollar-denominated 2023 Par was down 1%, the dollar-denominated Discount 1.9% and the Boden 2015 was down by 1.1%.

The GDP-linked coupons went down by 2.9%.

Meanwhile, Argentine shares in New York Stock Exchange Market were down by around 3.5%