ADRs rose as much as 6% on Wall Street; country risk recorded the first weekly drop in a month and a half

ADRs rose as much as 6% on Wall Street;  country risk recorded the first weekly drop in a month and a half

On the contrary, the casualties of the session were noted by Macro Bank (-1.8%); BBVA Bank (-1.3%); Pampa Energia (-1.2%); Supervielle Group (-0.5%); and Grupo Financiero Galicia (-0.1%).

In the Buenos Aires stock market, the S&P Merval index fell by a marginal 0.02%, but in the weekly balance, the stock market indicator accumulated an increase of 6.3%.

In this framework, the falls of the actions that make up the leading panel in the Buenos Aires square were led by Pampa Energia (-2.4%); Macro Bank (-2.3%); Transener (-2%); BBVA Argentina (-1%); and Grupo Financiero Galicia (-0.9%).

On the contrary, the shares that recorded increases corresponded to Cresud (2.2%); YPF (1.6%); Telecom Argentina (1.6%); Northern Gas Carrier (1.4%); and BYMA (0.8%).

Global inflationary pressure, with the particularity that the internal cost of living would exceed 60% in 2022, the upward pressure on interest rates, the war in Ukraine and new global outbreaks of COVID, are part of the conditioning factors of financial businesses .

In fixed income, sovereign bonds in dollars they ended with increases of up to 2.1% (Bonar 2041). Thus, during the week they rose by an average 2%.

Given which, the country risk measured by the JP.Morgan it fell 0.6% to 1,916 basis points, to record its first weekly drop in a month and a half (-1.8%).

For their part, titles in pesos with CER adjustment ended mixed. The most outgoing raises were marked by the PAP0 (+1%); and PR13 (+0.7%). In the weekly tip, advanced 0.5% average.

Source: Ambito

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