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Argentine shares climbed up to 10% on Wall Street; but country risk reached a maximum of 2 months

Argentine shares climbed up to 10% on Wall Street;  but country risk reached a maximum of 2 months

Other firm advances were noted by the papers of View (+5.6%); Macro Bank (+5.4%); and YPF (+5.2%).

In the Buenos Aires stock market, meanwhile, the stock index S&P Merval improved 3.8% to 88,795 pointswith which it has accumulated a rise of 4.8% so far this year, compared to inflation of over 25% in the same period.

The most outstanding ascents of the day were led by Cresud (+8.2%); Macro Bank (+7.6%); Mirgor (+7%); YPF (+6.6%), Supervielle (+5.3%); and Galicia (+5.3%).

Bonds and country risk

In the fixed income segment,he Argentine bonds in dollars closed with most losses, which in some cases reached almost 2%.

Thus, the country risk rose 0.4% to 1,894 pointswhich registered a rise of 86 points in the week.

In the peso segment, on the other hand, CER-adjusted bonds (follow the evolution of inflation) closed mixed, highlighting the advance of the Quasipar (+2.2%); and of T2X2 (+1.1%). On Thursday, INDEC reported that retail prices increased by a strong 6% in April, mainly driven by food and clothing items.

Source: Ambito

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