Why Argentine Stocks Bounced Back on Thursday
Argentina's stock market imploded on Monday, with shares of some of the South American country's best-known New York Stock Exchange (NYSE)- and Nasdaq-listed stocks falling as much as 55% in a day. Today, though, things are looking a bit different.
Shares of Argentine utilities stocks Pampa Energia S.A. (NYSE: PAM) and Central Puerto S.A. (NYSE: CEPU), as well as banker Grupo Supervielle S.A. (NYSE: SUPV) all surged in Thursday trading, up 12.4%, 13.2%, and 16.6%, respectively, as of 2:30 p.m. EST.
Image source: Getty Images.
Source Fool.com
