Merval, the main index of the Buenos Aires Stock Exchange, closed the last trading day of the week and the month with a 0.40% loss at 31.108.86 points Wednesday, tracking the U.S. markets. The Merval ended the week with a loss of 1.33% and closed March with a 5.73% drop. In the quarter, however, the Merval rose 3.48%.
The stronger U.S. dollar abroad combined with the increase in U.S. crude inventories led oil prices to collapse. As a result, Petrobras stocks ended down 1.91%.
Other shares that recorded losses were Agrometal (-1.83%) and Consultatio (-1.72%). Meanwhile, Autopista del Sol (+ 3.71%) and Aluar (+ 3.03%) closed higher.
The locally traded U.S. dollar closed the last day of the week and month with a subtle drop of 0.09%, quoted at 20.14 Argentinean pesos, with the Central Bank of Argentina (BCRA) intervening to stop the rise of the currency in the local exchange market before the Easter holidays.