PX 50 gained 0.4% on total volume 60 mil. USD. Rather quite session, most of the names finished in positive territory with average turnover. Philip Morris was the winner of the session, gaining 1.7% on mainly local buying. For today we expect again average activity and sideways trading with possible light profit taking.
The retail sales figure for October is due today at 9am CET. Patria estimates that retail sales will increase annually by 1.5%, while the market consensus is 1.0% y-o-y. The previous figure stood at +0.6% y-o-y.
Emilia Zampieri, Patria Finance