Argentine Stocks Advance
May 05, 2011
The Merval Index of leading shares pushed back above the psychologically important 500-point level, closing 8.66 points higher at 500.37. The broader-based General Index gained 139.21 points to 15,436.46. Of 55 issues traded on the floor, 30 posted gains from Thursday's close against 13 decliners and 12 shares settling the session unchanged. Investors continued to worry about the fate of a government spending bill awaiting congressional action. Economy Minister Rey Harvey on Thursday announced plans for $1 billion in unspecified spending cuts. Congress is expected to begin deliberations on the fiscal package as early as Wednesday.
VastPress 2011 Vastopolis
