The Buenos Aires stock market rose 8.2% in the first week of December in pesos, although in the comparison in dollars it fell 1.3%, due to the strong rise in the CCL. These variations occurred in the days prior to the presidential inauguration of Javier Milei, this December 10.
The S&P Merval rose 5.3% yesterday, to 941,829.88 units. In this way, the Buenos Aires stock market strengthens its upward path and since the ballot (November 19) accumulated a gain of 46%, measured in pesos, while in dollars the increase was 29%.
So far this year, this benchmark has accumulated an increase of 366.1% measured in pesos, compared to an inflation that could be around 180% in 2023.
In the local market, the shares that recorded the greatest increases yesterday were Banco Supervielle (13%), Transportadora Gas del Sur (10.3%), Cresud (9.3%), Mirgor (8.7%) and Sociedad Comercial del Silver (7.9%). On Wall Street, the papers of Argentine companies recorded the majority of gains. In line with the local market, the ADRs that benefited the most were: Banco Supervielle (7.7%), Central Puerto (4.1%) and Cresud (3.5%). The only losses corresponded to Telecom (2.7%), IRSA (2.4%) and BBVA (1.6%).
Bonuses
For their part, sovereign bonds in dollars closed with the majority of increases. Those that advanced the most were Global 2046 (3%), Bonar 2035 (1.7%) and Bonar 2029 (1.3%). All in all, the country risk ended yesterday unchanged at 1,908 basis points.
Regarding debt in pesos, CER securities closed with general increases. Those that jumped the most were CUAP (17.8%) and PARP (10%). The linked dollars ended unevenly. T2V4 fell 1.2% and TV24 rose 2.6%.
Source: Ambito
