Argentina's Stocks Jump 12.5% In First Week Of 2012 Trading

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articlenopic By Online.wsj.com

BUENOS AIRES (Dow Jones)--Argentina's benchmark stock index rose more than 12% in the first week of trading this year, as investors set aside their concerns about the country's economy and hunted for bargains among financial and public utility shares.

The Merval index of leading shares rose 2% to close at 2769.75 on Friday. Volume totalled a respectable 74.9 million pesos ($17.3 million).

The index logged gains of 12.5% this week, after falling 30% last year when... Read Full Article

 

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