ADRs fall to almost 5%, while the Buenos Aires stock market operates without a defined trend

ADRs fall to almost 5%, while the Buenos Aires stock market operates without a defined trend

On the leading panel, the largest increases correspond to Cresud (+4.5%), Banco BBVA (+2.2%) and Mirgor (+1.5%). On the other hand, the main casualties are for Transportadora Gas del Sur (-3.6%), Transportadora Gas del Norte (-2.3%) and Central Puerto (-2.2%).

During today (Wednesday) the fiscal result for March will be known, with an eye on whether the primary fiscal goal agreed with the IMF in the program between the parties will be met“said the SBS Group.

“We believe that it would have been met, favored mainly by the seasonality of the first two months. Thus, another of the goals agreed with the Fund would be met after meeting the reserves (by a small margin), the monetary and the ‘short’ position in BCRA dollar futures,” he added.

The rise in inflation of 6.7% registered in March and the estimates of strong ratios for the coming months, place the annual projections at a flat 60%, according to analysts.

For their part, companies listed on Wall Street trade disparately. Leading the losses were Central Puerto (-5%), Edenor (-4.4%), and Transportadora Gas del Sur (-4.4%). The biggest increases are for Cresud (+3.8%), Irsa Propiedades Comerciales (+2.2%) and Irsa (+1.9%).

bonuses

Over-the-counter bonds rose 0.3% on average, buoyed by improvements in inflation-adjusted issues.

The largest increase corresponds to Bonar 2029 (+0.7%), Bonar 2041 (+0.6%), and Global (+0.5%). The Global 2046 is the one that descends the most with 1.4%.

For its part, the country risk carried out by the JP Morgan bank fell 1% to 1,672 basis points.

Source: Ambito

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