On the leading panel, the greatest rise corresponded to Cresud (+8.2%). The papers of the leading company in the agricultural business climbed in tune with the rise in the ton of soybeans that marked a maximum in a decade.
Thus, the price of the oilseed rose by more than US$11 on the Chicago market and closed at US$641.82 per ton, which was thus just under US$9 from exceeding the all-time record reached on 4 September 2012.
The other notable increases were Banco BBVA (+3.5%) and Mirgor (+1.2%). On the other hand, the main casualties were Transportadora Gas del Sur (-3.6%), Transportadora Gas del Norte (-2.8%) and Central Puerto (-1.2%).
On the New York Stock Exchange, Argentine companies closed unevenly. The biggest rise was for Cresud (+6.2%), followed by Irsa Propiedades Comerciales (+2.2%), and Irsa (+1.9%). The decreases were led by Mercado Libre (-4.4%), Ternium (-4.1%) and Central Puerto (-3.7%).
“Wall Street seeks to extend the rally, even amid the disappointing reading that left Netflix’s balance sheet and plunges the stock, before which domestic assets also seek to rehearse a breather while economic announcements and political tensions are analyzed,” said Gustavo Ber.
At the close of the markets, the Government will announce the cash-based fiscal result for March. The national administration confirmed that Argentina will comply with the first review of the body scheduled for May without problems.
For his part, the Minister of Economy, Martín Guzmán, affirmed that Argentina registered “a strong economic recovery” last year, although he warned that the most “complex” challenge is the inflationary problem, which has intensified with the war” between Russia and Ukraine.
“Argentina has had a strong recovery of economic activity in 2021: GDP grew 10.3%, we reduced unemployment from 13.1% to 7% and investments and exports also grew”said Guzmán this Wednesday when participating in Washington in the Forum of Ministers and Presidents of Central Banks of the G20, in advance of the Spring Assembly (boreal) of the IMF and the World Bank.
bonuses
In the fixed income segment, dollar bonds closed mixed. The biggest increases were for the Bonar 2035 (+1.5%), and the Bonar 2038 (+1.4%). The most considerable drop was for Global 2046 (-1.4%).
Regarding CER-adjusted bonds, Q2X2 led the increases (+0.6%), and the biggest drop was for TC23 (-0.5%).
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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