“Sovereign bonds in dollars surprise again with some very attractive promotions obtained during today’s session and recover ground lost since Guzmán left as minister. Earnings attracted new attention from the market, which, with an interesting trading volume, reflected increases of around 4% in general and in both local and foreign legislation”, analyzed Javier Rava, director of Rava Bursátil.
And he added: “This could be drawn from an idea more to the liking of the market itself in relation to the position of Guillermo Rubinstein as Secretary of Economic Programming, since he could carry out the delicate fiscal part with a possible approval of the local market.”
As for the shares, the ADRs listed on Wall Street ended with significant increases: Banco Superville (6.2%), Cresud (6.1%) and Pampa Energía (4.7%) led the advances. Meanwhile, there were setbacks for Ternium (1.5%), Corporación América (0.6%) and Edenor (0.6%).
The Buenos Aires Stock Exchange, for its part, also operated with an upward bias in prices, remaining at historical maximum levels due to the repurchase of positions pending an improvement in the variables of the local economy.
The S&P Merval index rose 2.37% to 140,246 units. Measured in dollars, the increase was 4.3%.
Source: Ambito
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