The Argentine stock market is depressed this year. Argentina’s Merval index is down 8.89% year-to-date(YTD) while Brazil’s Bovespa is up 1.4%, Chile’s IPSA is flat and Mexico’s IPC index has shot up 13.1%. The difference in performance between the Merval and the three other indices is much higher over the past 5 years. The five-year …
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The Argentine equity market was one of the best performing markets last year. The Merval index performed better than Mexico, Brazil and other peers but behind Chile and Peru. However, this year Argentine stocks are laggards among emerging markets. While emerging markets in general are down this year due to inflation risks and other factors, …
After defaulting on its debt in 2001, Argentina was shunned by international investors. Last year, Argentina was booted from the MSCI Emerging Markets Index. However the economy of Argentina may be ready for a rebound and catch up with the growing Latin American economies of Brazil and Colombia. In2001, Colombia was considered a failed state …
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Pampa Energia (PAM) is an electric utility from Argentina to list its ADR (American Depository Receipt) shares in the New York Stock Exchange on October 9, 2009. Each ADR represents 25 common shares of the Company. Corporate Profile from Pampa’s Website: “Pampa EnergÃa S.A. is the largest fully integrated electricity company in Argentina. Through its …