The main decreases are for Telecom (-3.3%), Central Puerto (-2.7%), and Transportadora Gas del Norte (-2.4%). For its part, the largest increases were for the financial sector at the hands of Banco Macro (+1.8%), BBVA (+1.5%), and Transener (+0.8%).
For their part, Argentine companies in wall street they quote differently On the one hand, the decreases reach 3.9% at the hands of Telecom and Mercado Libre, and are followed by Loma Negra (-2.2%). While the increases are led by Edenor with 3.6%, followed by Tenaris (+3.1%) and Globant (+1%). Meanwhile, the main indices in New York fell up to 2.8% thanks to the Nasdaq.
Dollar-denominated bonds are trading with widespread declines. The greatest decreases are for Bonar 2035 (-1.9%), Bonar 2030 (-0.9%), and Bonar 2029 (-0.6%). While, Argentina’s country risk rises 1.2% to 1,800 basis points, maximum in five weeks.
“Our macroeconomic projections lead us to privilege instruments that adjust by CER at these levels. For their part, instruments tied to the official dollar seem to have a ‘free’ option in the face of a disruptive global event that forces the Government to accelerate the rate of devaluation Delphos Investment said.
Source: Ambito
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