2017.08.1622:35:00UTC+00ARGENTINA: Merval Rises 0.84% In Volatile Trading Day

Merval, the main index of the Buenos Aires Stock Exchange, rose 0.84% Wednesday, closing at 22,894.73 points while marking a new historical record in a volatile trading session that culminated with a mixed panel.

According to Oscar Campos, an analyst at Intervalores, "there was selectivity with slight setbacks in some contributors for profit taking, but with most of the constituents increasing and low trading volume."

San Miguel shares posted the best performance, climbing 6.43% after reporting that through its subsidiary San Miguel Uruguay acquired all the shares and votes of Agr?cola Hoja Redonda, a company with productive activity in Peru, for US$ 45 million.

Mirgor fell 0.76% after confirming that Mercedes-Benz Argentina issued purchase orders for the supply of air conditioning systems of the new generation of heavy-duty model Sprinter.

YPF fell by 1.91% today. Earlier, the oil company reported that the Province of Neuqu?n authorized the agreement between YPF and O&G Developments Ltd, a Shell affiliate, to carry out the joint exploitation of hydrocarbons in Vaca Muerta's Bajada de A?elo area.

The locally traded US dollar rose 0.82%, closing at 17.21 pesos, after two negative days, due to the application of the Argentinean pesos excedent left by the central bank in its bidding for Letters (Lebac).