In this way, Sociedad Comercial del Plata accumulates a profit of 67% in the first five months of the year. It is followed by Grupo Financiero Valores, belonging to Banco de Valores, which registers an increase so far in 2022 of 46%.
Cresud, meanwhile, has a rise of 30% while Central Puerto reported a gain of 19%. A final profitable alternative is Transportadora Gas del Sur, with an accumulated 40%.
Among the stocks with the greatest losses are:
- Supervielle Group (-16% between January and May).
- Myrgor (-13%)
- Ternium (-12%)
- Black Hill (-10%).
- BBVA: -9%
Consulted by Télam about the earnings of the companies in the leading panel, Santiago Ruiz Guiñazú, head of equity sales & trading at Adcap Financial Grouppointed out that the performance of the leading shares of the Merval in the first months of the year was influenced by the context of world inflation and the price of commodities, which boosted its rise with the war unleashed between Russia and Ukraine.
“At Adcap we are positive about the price of raw materials, since we believe they are a defense against inflationary pressures at a global level, and that applies to Transportadora de Gas del Sur (TGS), Cresud, Central Puerto and Comercial del Plata – a company with a considerable holding of CGC, a gas-producing company- We believe that the accumulated yield in these first months of the year comes from that side, “explained Ruiz Guiñazú.
At the same time, he pointed out that the papers of Central Puerto and TGS also benefited from the regulation that allowed prices to be updated, which, although it was not entirely what was expected, “operated as a palliative that allowed them to recompose a little margins,” he specified.
From the consulting firm Epyca, they indicated to Télam that the winners of the general panel correspond to items that have a strong link with sectors that are expanding, or that it is estimated should expand in the short term. “Energy (Capex and Gas Natural Ban) is in the first places, because they are waiting for better rates that allow the business to return to profitability. For its part, agricultural activity (Carlos Casado, Molinos Agro) is strongly correlated with the country’s export capacity”, they concluded.
Source: Ambito
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