This Friday, however, bonds in dollars marked increases of up to 5.7%, thanks to Global 2046 and Global 2038. For your parttitles in pesos registered increases of up to 3.5%; thus, the country risk remained unchanged at 2,374 basic points.
These bonds suffered a large sell-off last month after bailouts in common investment funds and fears about an eventual reprofiling. This forced the BCRA and Anses to intervene with strong repurchases to stabilize the market. The falls of these titles, the same, reached almost 29% (Quasipar). Only the shortest bonds were saved, which gained up to 3.5% (T2X2).
Stocks and ADRs
The S&P Merval index rose 0.9% and stood at 89,266.83 units after the median session in the Buenos Aires market. In the leading panel of the local stock market, the rises were led by Sociedad Comercial del Plata (+4.6%) and Cablevisión (+2.5%).
The ADRs of Argentine companies on the New York Stock Exchange operated unevenly, with increases of up to 3.7% in the case of Pampa Energía and decreases of up to 3.2% in the Cresud share.
Source: Ambito
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