The S&P Merval stock index of Argentine Stock Exchanges and Markets (BYMA) it loses 1.5%, to 90,753.63 points, after accumulating a drop of 0.32% during the past week. They operate in majority of casualties led by Corporación América (-2.5%), Despegar (-3%) and Mercado Libre (-2.1%). As for paper listed on the New York Stock Exchange (ADRs), Cresud (-3.2%), Banco Francés (-2.3%) and Central Puerto (-2.3%) fell. to the contrary, IRSA rises 0.2% and Ternium SA 0.4%.
“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.
Bonds and country risk
In the fixed income segment, dollar-denominated bonds operate mixed. The falls to 1% are led by Global 2035, Bonar 2035 (-0.9%), Bonar 2029 (-0.9%) and Bonar 2041 (-0.4%). The increases up to 0.3% belong to Bonar 2030 (0.3%), Bonar 2038 (0.1%) and Global 2030D (0.1%).
In the week in which the inflation data will be released, titles in pesos linked to inflation operate in positive territory up to 1.3%, led by the Boncer 2028 and the Boncer 2023 (1.2%).
For its part, the Argentine country risk of the bank JP. Morgan rises 1.7%, up to 1,733 basic points.
Source: Ambito
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