In a day without their counterparts in the local market, ADRs are trading lower at the opening of the New York Stock Exchange.
Argentine bonds abroad continue their increases this Thursday, while the shares of Argentine companies on Wall Street decline. In that way, The euphoria in the markets cools a little due to the US aid to the government of Javier Milei and the purchase of pesos by the North American Treasury.
Anyway, We will have to wait until next week to see the full impact of the news on bonds and the Mervalsince during this Friday’s round the local market will not operate due to the Columbus Day holiday.
ADRs take a break
On a day without their counterparts in the local plaza, ADRs are trading lower at the opening of the New York Stock Exchange, after rising up to 27% this Thursday.
The low majorities are observed in Grupo Supervielle (-3%), Grupo Financiero Galicia (-1.74%) and BBVA Argentina (-2.8%)some of which showed the greatest increases this Thursday.
Furthermore, Argentine companies that are listed directly on Wall Streetas Bioceres and Free market They also register volatility. In the case of the first, it registers an increase of 3%, while the second decrease corrects 1.5%.
Bonds and country risk
Meanwhile, Argentine bonds abroad did not experience this decline and continue with the optimism of the previous round. The largest increases are observed in GD41 (+0.52%), GD35 (+0.48%) and GD38 (+0.45%).
For its part, the country risk yesterday pierced 1,000 basis points, up to 902 points. A fact that is known a day late, since investors do not have real-time information on this indicator.
News in development-.
Source: Ambito
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