The Merval accumulated its fourth upward day (mixed ADRs)

The Merval accumulated its fourth upward day (mixed ADRs)

After starting the day in negative territory, the Argentine Stock Market added its fourth upward day due to portfolio rearrangements, while dollar bonds and ADRs operated mixed.

The S&P Merval rose slightly 0.09%. The Buenos Aires Stock Exchange marked, when averaging the session, a historical maximum level of 340,959.36 units. Measured in dollars, it ended the day at 687 points, and fell from US$689 on Friday due to a rise in the exchange rate.

The stock that rose the most in the leading panel yesterday was Central Puerto (4.9%), followed by Mirgor (4.4%) and Aluar (4.2%). While the decreases were led by Sociedad Comercial del Plata (2.7%), Grupo Financiero Galicia (2.5%) and Banco Supervielle (2.4%).

On Wall Street, Argentine stocks ended with a majority of losses. Thus, the main ones were Banco Supervielle (4%), Bioceres (3.3%) and Despegar (3.3%). The increases, meanwhile, were led by Central Puerto (5.5%), Cresud (2.6) and Mercado Libre (2.2%).

For their part, bonds in dollars closed with the majority of increases. The main increases were the Global 2046 (2.8%), and the Bonar 2035 (1.7%). Thus, the country-risk measured by the JP.Morgan bank fell 0.6% to 2,580 basis points.

“The weighted average price of Globals closed at $25.64 versus $25.53 on Friday. This was due to the fact that the curve exhibited positive variations between 0.2% and 0.7%”, stated PPI in its market closing report.

Source: Ambito

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