In the local stock market, the S&P Merval stock index of Argentine Stock Exchanges and Markets (BYMA) gained 2.1%, to 89,414 pointsagainst a contraction of 0.7% on Monday and a fall of 3% in April.
The public fights within the governing coalition and inflation of around 6% for April condition the liquidity of the financial market, operators agree.
But also, “The discussion about a potential non-compliance with some of the goals agreed with the IMF is here to stay, and could intensify given the proximity of the review of the agreement”said Paula Gándara, from Adcap Asset Management.
To this is added the almost certain rise in US interest rates this week, along with the problems that the renewed cases of COVID in China and the war that affects Ukraine entail in global risk aversion.
Bonds and country risk
In the fixed income segment, titles denominated in dollars rise up to almost 3%, with increases led by the Bonar 2041 (+2.7%); the Bonar 2035 (+2.6%); and the Bonar 2030 (+1.9%). Meanwhile, the Globals operate with increases of up to 1.2% (2030).
Consequently, the Argentine country risk scored its biggest daily drop in a month, losing 1.8% to 1,783 points, after touching its maximum since the end of March (1,816) on Monday.
In the weight segment, CER-adjustable securities are rising sharply again, and in some cases, show rises of 2.5% (DIP0).
Source: Ambito
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