On the New York Stock Exchange, Argentine companies rose up to 7%, with Mercado Libre in the lead. The shares of Cresud (+6.6%) and Ternium (+6.2%) also increased. Meanwhile, the biggest drop corresponds to Transportadora Gas del Sur (-3.8%).
The leading S&P Merval index rose 0.2% to 88,890 points after losing 2.9% on Thursday.
In the leading panel, strong declines were recorded. Banco BBVA sank 7.8%, Edenor fell 6.2%, while Loma Negra fell 6.1% and Transportadora Gas del Norte lost 5.2%. The only increase registered was Cresud with 6.3%.
Bonds and country risk
In the fixed income segment, bonds in dollars fell to 3.7% thanks to the Global 2030. Also leading the losses were the Bonar 2035 (-3.4%), Global 2035 (-2.5%) and the Bonar 2029 (-1.6%). For its part, the country risk measured by JP Morgan fell 0.3% to 1,754 basic points.
“The external climate plays a key role in the market and pushes the progress towards the agreement with the IMF to the background, beyond that the operators monitor it closely given an important expiration in March”said an analyst.
In the local context, analysts discount that President Alberto Fernández will send the understanding with the credit agency to Congress in the coming days for its approval and advance in the closing of the agreement.
Source: Ambito
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