Argentine actions in New York give ground after negative balances of most banks, while the market awaits the last debt tender in a high volatility climate.
The Argentinos ADRS BACK THIS Wednesday, August 27led by the banking sector, after Galicia Financial Group and most entities will present negative balances of the second quarter during the last days. In parallel, the dollar bonds also show falls and the market maintains attention to the Last Treasury Debt Biddingin the middle of high volatility and days of the legislative elections in the province of Buenos Aires.
In Wall Street, the casualties reach until 5.8% in Financiero Galicia (Ggal)followed by Supervielle Group (-5.6%), BBVA Argentina (-4.8%) and Macro Bank (-4.6%)which will present its results at the close of the day. The only rise corresponds to Free marketwith a mild rise of 0.2%. After the rebound on Tuesday, the Argentine roles thus resume the bassist trend.
In the local square, the S&P Merval falls 1.6% to 1,999,910.71 pointswith descents led by Galicia Financial Group (-3.3%), Supervielle (-2.8%) and BBVA (-2.7%). Among the few increases stand out Aluar (1.1%), South Gas Transporter (0.6%) and Bank of Securities (0.1%).
Bonds in dollars and country risk
The Sovereign bonds in dollars They also go back, with casualties up to 1.4% in the Global 2046 and of 0.4% in the Global 2041. In contrast, slight advances in the Global 2038 (+0.3%)he Global 2029 (+0.2%) and the Bonar 2029 (+0.1%). The country risk remains above 760 basic points, according to JP Morgan.
Source: Ambito
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