Also highlighted in the conference were the advances of Central Port (+8.8%); Free Market (+8.4%); and IRSA (+7.7%).
Against this background, the S&P Merval stock index climbed 5.1% to 126,213 units. The Merval comes from gaining 12.24% in the four previous sessions. In this way, the leading panel scores its 8th raise on 9 wheels.
After the close of the market on Tuesday, the shares of Miguel Galuccio’s oil company flew after reporting an adjusted net profit of $82.3 million in the second quarter, compared to profit of $17.5 million reported in the same period of 2021.
Vista, Argentina’s third-largest oil producer, announced earnings before taxes, interest, depreciation and amortization (EBITDA) at $202.1 million, a 98% year-over-year increase. In the April-June period, Vista’s oil production grew 17% year-on-year and hydrocarbons 12%. The oil company reported revenue of 294.3 million dollars, 78% more than in the second quarter of 2021 “driven by the increase in production and realized oil prices,” he explained.
Bonds and country risk
In the fixed income segment, the Sovereign bonds in dollars they rise for the second consecutive day, from very depressed levels and rebound up to 4%.
In this framework, the Argentine country risk measured by JPMorgan operates below 2,900 basis points for the second consecutive day.
Hard currency titles climb up to 4% led by Global 2030, followed by Bonar 2030 (2.9%), Bonar 2029 (2.8%) and Global 2035 (2.6%). The only setback responds to Global 2041 (-0.4%). Meanwhile, in the segment of fixed income in pesos, it also operates with an upward trend with increases above 5% in the Global GD46, GD35 (4.8%), GD38 (3.8%) and GD30 (3.4 %).
The Ministry of Economy will tender this Wednesday Bonds and Treasury Bills in search of local financing for some 270,000 million pesos to cover maturities.
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
