The ADRS and dollars in dollars suffer their third fall to thread this Mondayafter the recent restriction to the arbitration of the Official and financial dollar. The market maintains attention to the purchase of currencies by Treasure.
Among the ADRS, BBVA Argentina leads the rises with and climb 3%, while the Supervielle Group and Galicia Financial Group They also advance 2.5% and 2%, respectively.
In turn, the S&P Merval It rises 0.5% to 1,800,501,720 points, while its counterpart in dollars does 0.8% to 1,227.62 points. The dollar counted with liquidation (CCL) goes back 0.04% to $ 1,469.6.
The actions in the local stock exchange operate with a majority of increases, led by BBVA Bank (+2.4%), Supervielle Group (+23%), Aluar (+1.7%). On the other hand, South gas transporter and YPF 1%fall.
Last Friday, The Central Bank (BCRA) restored the cross restriction for individuals, and blocked access to the MEP/CCL for 90 days when using the use the Official Changes. Thus, who bought dollars in the official market must wait at least 90 days before being able to acquire negotiable assets in dollars in local markets.
From Max Capital They stressed that, until now, individuals could arbitrate between both markets buying dollars at the official exchange rate, selling them in financial dollars through a bonus and then using those weights to return to the official market, in a cycle that allowed them to take advantage of the exchange difference and reduce the gap.
Bonds and Risk Country
Meanwhile, the Sovereign bonds in dollars They lose up to 2% hand in the Bonar 2035followed by Bonar 2030 (-1.5%), the Bonar 2029 (-1.4%) and the Global 2038 -1%).
The salts trader of Stock market, Leonardo Svirkyhe indicated that after the strong recovery they had last week, the market is “quite heavy”, and understands that “The somewhat more open gaps are doing some noise” in the contributions.
Last week, sovereign bonds in dollars presented generalized advances in prices. Those under foreign legislation rose +18.6% on average, while titles under local law marked an even greater rise, of +22.2%, he said Bridge.
The last data of country risk It shows a value of 1,088 basic points (PB), which means a decline in the face of the previous registration, despite the fact that the indicator is foster above 1,000 bp.
The economist Gustavo Ber He pointed out that the economic indicator is already closer to 1,100 bp, “waiting for possible financial operations that could contribute to clear next maturities and thus reduce the country risk to rollover levels.”
Source: Ambito
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