Stock Prices Close Mixed
April 26, 2011
The Merval Index of leading shares lost 0.53 to 499.87, after losing 25.18 Tuesday. The broad General Index closed 43.49 to 15561.78. Declining issues outnumbered advancers, 28 to 18, while 18 settled the session unchanged. Volume in floor trading totaled 21.61 million pesos, while volume in the computer-based continuous market reached 78.84 million pesos. Traders said calm returned to the market after stocks were driven lower by speculation about and reaction to fiscal austerity measures announced on Monday. The measures, which were taken to rein in Argentina's growing budget deficit, caused concern in financial markets that the country's economic turnaround could be negatively affected.
