Argentine shares rise up to 4% on Wall Street; Country risk scores first drop in 4 days

Argentine shares rise up to 4% on Wall Street;  Country risk scores first drop in 4 days

The S&P Merval Buenos Aires stock index gained 1.3%, to 91,272.45 pointsagainst a rise of 1.32% on Monday and 3.83% on Friday.

On Wall Street, Transportadora de Gas del Sur leads the ranking of the largest increases, which rises 3.8%.

The Argentine economy comes from reporting a price increase of 6% in April and accumulating a worrying 23.1% in the first four months of 2022.

Argentine markets will remain closed this Wednesday due to the national population census.

Bonds and country risk

In fixed income, Argentine bonds in dollars rebound after several days with declines, so the country risk falls by 1.2% to 1,912 pointsafter touching its maximum since the beginning of March on Monday (on the 8th of that month it closed at 1,979 points).

Regarding the segment of titles in pesos, dollar-linked sovereign bonds traded mixed on Monday, slightly taking in the short and medium section of the curve, and marginally offered the long section (TV24).

Finally, the CER debt showed a timid demand in the Leceres, which gained 0.2% on average, but fell in the middle section (-0.6% on average), and along the curve (-1.5 %) average.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts