The Buenos Aires stock market rebounded yesterday after two consecutive falls due to rearrangement of end-of-year portfolios. Local actions were affected by the rise in the financial dollar after Javier Milei presented the “omnibus law,” which includes economic reforms.
The S&P Merval gained 3.6%, to 903,500.710 units, after falling 4.4% the day before due to short profit taking. In this framework, the stock index accumulates an improvement of 347.4% so far this year.
Among the stocks that rose the most, those of Banco Macro stood out, which rose 9.9%. They were followed by Transportadora de Gas del Norte (6.9%) and Ternium (6.7%). Meanwhile, those that fell the most were BBVA (1.5%), Mirgor (0.6%) and Pampa Energía (0.6%).
Meanwhile, on Wall Street, ADRs registered the majority of declines thanks to Banco BBVA (3.3%), Grupo Supervielle (2.2%), IRSA (2.2%) and Grupo Financiero Galicia (2.1%). %).
Bonuses
Dollar bonds fell up to 2.7%, while dollar linked bonds closed higher. In the local market, dollar titles ended with a vast majority of falls. Those that lost the most were the Bonar 2041 (2.7%), followed by the Global 2029 (2.4%) and the Bonar 2035 (2.1%). Meanwhile, the only one that advanced was Global 2041 (0.1%).
In this context, the country risk rose for the fourth consecutive day. On this occasion it advanced 0.37% to 1,895 basis points.
Dollar linked bonds ended higher. TV24 rose 2.8% and T2V4 rose 2.7%. Meanwhile, the bonds of the CER segment ended unevenly. Those that rose the most were PR13 (5.8%), TX26 (4%) and DICP (2.8%). While those that decreased the most were DIP0 (5.9%), TX28 (3.9%) and PARP (3.6%).
Source: Ambito
