The increases in Auar (+ 5.4%) and Loma Negra (+ 4%) stood out.
The volume traded in stocks fell almost 60% to $ 603.8 million by the holiday of Thanksgiving in the USA.
“The Merval (…) remains within the consolidation of Wednesday, in the middle of 82,500 points as support and 85,000 points as resistance,” said Alexander Londoño, analyst at ActivTrades.
After an adverse result in the legislative elections, the Government lost control of Congress and promised to present in the first week of December the economic plan to advance negotiations with the International Monetary Fund (IMF) for a millionaire debt.
“It is convenient to clarify that none of the structural reforms that the country requires to move forward will have to be launched from the extended facilities program that we sign with the Fund (IMF), assuming there is an agreement,” estimated a report of Massot / Monteverde y Asociados.
Bonds and country risk
In the fixed income segment, bonds denominated in dollars closed again with drops that, in some cases, reached 3.8%, such as Global 2029.
In this framework, the country risk -prepared by the JP Morgan bank-, maintained stability due to the inactivity of assets in the United States, which ended at 1,821 basis points compared to a minimum of 1,083 points in September 2020 after the closing of the foreign debt swap.
The local financial market is also affected by the concern produced by the outbreaks of covid-19 in Europe, a potential rise in rates by the Federal Reserve and the notorious strength of the dollar that weakens emerging currencies.
Source From: Ambito
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