The The most important rises were recorded by the shares of Edenor (7.4%), Transportadora de Gas del Sur (7.3%) and Ternium (2.6%). On the other hand, the biggest decreases were recorded by Cablevisión (3.6%), Central Puerto (2.5%) and Richmond (2%).
“Investors are eyeing the IMF deal negotiations, the Russia-Ukraine conflict and the performance of the US treasury rate,” Research for Trades said.
Argentina must settle in March a maturity of some 2,900 million dollars to the IMF and another 2,000 million to the Paris Club, when the Central Bank (BCRA) does not have the necessary liquid reserves, for which analysts expect a soon agreement with the organism .
“The adverse external climate, together with the expectation that the passage of time awakens until the closing of the agreement with the IMF, conditions domestic assets and thus their prices are pressured, since operators are inclined to take a step towards cost after the last recovery based on tactical bets towards said event,” said economist Gustavo Ber.
The United States and its allies on Wednesday unveiled more sanctions against Russia over its recognition of two breakaway zones in eastern Ukraine, while making it clear that tougher measures were reserved in the event of a full-scale invasion by Moscow.
During the conference, the government announced an average increase in gas rates of 20% nationwide for residential consumption and 15% for industries, at a time when inflation is around 4% per month.
For its part, the oil company Vista will invest 400 million dollars in Argentina this year to put into production 24 new wells in the Vaca Muerta unconventional hydrocarbon formation, the company said in a statement.
In addition, Argentina’s economic activity advanced 9.8% year-on-year in December, accumulating an improvement of 10.3% in 2021, the National Institute of Statistics and Censuses (INDEC) said on Wednesday.
Bonds and Country Risk
In the fixed income segment, over-the-counter debt lost an average of 0.6%, due to taking short profits in dollarized issues with greater liquidity.
“The support of the bonds continues to be the close agreement with the IMF and a calmer domestic front from the exchange rate, with a strong decline in the implicit dollars,” said the StoneX brokerage.
For its part, the country risk measured by the bank J. P. Morgan It rose 16 units to 1,741 basis points.
Source: Ambito
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