As for Argentine companies in Wall St., There were widespread casualties. The decreases reached 7.1% at the hands of Telecom and Mercado Libre fell 6.4%. Meanwhile, Loma Negra and Cresud fell 5.1%. Edenor rose 1%, while Tenaris and Irsa grew 0.9%. This day the main indices on Wall Street plummeted up to 4.2% thanks to the Nasdaq. For its part, the Dow Jones fell 2.8% and the S&P 500, 3.6%.
“Domestic assets remain hostage to the ups and downs of the external climate, since their dynamics are mainly subject to global risk appetite, since operators are at this stage less influenced by local factors in their moods,” said Gustavo Ber.
Bonds and country risk
Dollar-denominated bonds closed down across the board. The greatest decreases were for the Bonar 2035 (-1.7%), the Bonar 2030 (-1.3%), and the Global 2030 (-1.3%). While, Argentina’s country risk rose 12 basis points to 1,801 units, reflecting an increase of 4% in April.
CER bonds closed mixed, although the rises of TX23 (+3%) and TC23 (+1.3%) stood out. The greatest decrease was for TX24 (-0.4%). “Among the bonds in pesos, the ‘dollar linked’ confirmed their trend for the week, once again positioning themselves above the CER (inflation) bonds,” said settlement and clearing agent Cohen.
Source: Ambito
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