For this reason, firms linked to the agricultural sector led the advances in the New York Stock Exchange. Bioceres climbed 6.6%; while Cresud gained 4.6%.
Other Argentine papers The highlights were BBVA (+5.4%); South Gas Carrier (+5.1%); Black Hill (+5%); Supervielle Group (+4.7%).
Against this background, the Buenos Aires stock market closed higher. The S&P Merval stock index it rose 1.3% to 89,964.8 units as part of a technical rebound that fueled a 3.8% improvement on Friday.
“Argentina entered a new regime of high inflation, where expectations are corrected upwards. The BCRA, meanwhile, reacts by raising interest rates, but at the same time accelerates monetary expansion by assisting the Treasury,” commented from Cohen.
Bonds and country risk
In the fixed income segment, lArgentine bonds in dollars closed with general declines, up to 3.8%, just as the Global 2046 suffered.
Facing it, the country risk far exceeded 1,900 points, climbing 2% to 1,924 points, a new maximum since the beginning of March (March 8 closed at 1,979 points).
Source: Ambito
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