The Buenos Aires Stock Exchange (BYMA) extended its winning streak to a fourth consecutive session, driven by a combination of improved sovereign credit outlook and rising energy prices.
The S&P Merval index climbed 1.3%, reflecting broad-based buying interest across key sectors.
Banking stocks led the domestic rally, surging approximately 2% following a positive sovereign credit rating adjustment by Moody's.
Banking stocks led the domestic rally, surging approximately 2% following a positive sovereign credit rating adjustment by Moody's.
The upgrade signal reduced perceived tail risks for the financial sector, prompting investors to rotate into local lenders.
Simultaneously, energy equities posted gains, buoyed by a sharp rise in global crude oil prices that improved revenue expectations for Argentina's export-oriented producers.
Argentine equities traded on Wall Street also advanced, mirroring the domestic momentum.