The S&P Merval stock index of Argentine Stock Exchanges and Markets (BYMA) it lost 0.30%, to 91,808.42 points, after accumulating a drop of 0.32% during the past week. Most of the Argentine papers listed in New York are down, led by Corporación América (-3.3%), Despegar (-2.6%) and Mercado Libre (-2.4%).
“The possibility of complying with the guidelines of the plan with the International Monetary Fund (IMF) of financial balance could give rise to greater stability and chances of recovery of value in the suffered local papers”, said VatNet Research.
Argentina recently closed an agreement with the IMF by which it refinanced a debt of some 44,000 million dollars.
The war situation in Ukraine continues to set the risk appetite of global markets, commented analysts.
Bonds and country risk
On Friday, the dollar-denominated bonds ended with most losses.
While, Inflation-linked securities in pesos recorded increases of up to 1.7% (Par).
For its part, the Argentine country risk from JP Morgan Bank it remained stabilized around 1,704 basis points.
Source: Ambito
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