21.11.201720:19:00UTC+00ARGENTINA: After Holiday Break, Merval Rises 0.53% Tracking ADRs

Merval, the main index of the Buenos Aires Stock Exchange, rose 0.53% Tuesday, closing at 27,274.43 points after a holiday break in a session influenced Argentinean ADRs' performance on Wall Street.

After several sessions going through a correction and technical rebounds, analysts are waiting to see where the market may go in the coming days.

Given the volatility of recent sessions, Portfolio Personal brokerage analysts noted that would keep their "recommendation to maintain a more active management of positions" in the financial market.

The shares of Galicia (+4.71%), Telecom (+4.71%), Transener (+3.76%), Distribuidora de Gas (+3.67%), and Franc?s (+2.77%) rose, while Macro (-4.61%), Boldt (-4.22%), Cresud (-3.07%), and Agrometal (-3%) fell.

The locally traded U.S. dollar closed stable (+0.02%), at 17.49 Argentinean pesos. The session developed calmly and within a close range. The balance between supply and demand resulted in prices with low volatility, said Gustavo Quintana, an analyst at PR Corredores.