The most outstanding advances of the day were recorded by the actions of Black Hill (+2.5%); Cresud (+2.4%); and Grupo Valores (+2.3%).
On Wall Street, the papers of Argentine companies closed unevenly. The ascents were led by Vista Energy (+3.4%); Free Market (+2.6%); and Loma Negra (+2%). Instead, the casualties were led by take off (-5.3%); Edenor (-2.9%); and Telecom Argentina (-1.7%).
Financial activity is conditioned by strong local and global inflationary pressure, plus the restrictive effects produced by the war in Ukraine.
The Government presented a bill on Monday to tax companies that have an “unexpected income” due to the global rise in prices, a measure rejected by the market, with the aim of reducing the fiscal deficit.
The market “It continues to show high volatility and sensitivity to macro data. Commodities continue to rise in general terms, increasing the sensitivity of the situation due to the inflationary pressure that this implies”, said the consulting firm Delphos Investment.
In the fixed income segment, the sovereign debt in dollars fell to 2.8% (Bonar 2041), with a couple of exceptions (Global 2038 gained 1.4%), in the face of greater aversion to risky assets given a global rise in the dollar and renewed fear for the future of the global economy following a surprise interest rate hike in Australia.
While, the Argentine country risk JP Morgan Bank It rose 1.2% to 1,931 points, the highest in two weeks.
In the peso segment, CER bonds closed with most losses, led by the Discount (-2.2%); the Boncer 2028 (-1.7%); and Par (-1.7%). Only the Boncer 2023 (TC23) managed to avoid losses and gained 1.3%.
Source: Ambito
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