After the restriction to arbitrate financial dollars and the officer, the focus of the market is maintained on the accumulation of reserves in times of strong liquidation of the agriculture.
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, Port Central leads the casualties (-3.2%), followed by YPF (-1.5%); Edenor (-1.4%); Telecom Argentina (-1.4%); and Black Lomawith -1.3%. In turn, the S&P Merval It rises 0.3% to 1,797,300.12 points, but its counterpart in dollars falls 0.7% to 1,209.26 points. He dollar counted with liquidation (CCL) It rises 1% to $ 1,485.52.
The actions in the local stock exchange operate with a majority of increases, led by Aluar (+3.9%), Silver Commercial Society (+23%), BBVA Bank (+1.7%). On the other hand, Metrogas falls 3% and Port Central 1.6%.
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 3.3% hand in the Bonar 2038followed by Bonar 2030 (-2.6%), the Bonar 2035 (-2.3%) and the Bonar 2029 (-1.6%).
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 1,082 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.”
This Monday, the Torcuato Di Tella University He announced a collapse of 8.2% in his indicator of confidence in the government with respect to August, which measures the performance of the administration of Javier Milei. Against last year, the setback is 10%.
Source: Ambito
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