On Wall Street, Argentine papers closed mixed although there were increases up 4.6% led by YPFfollowed by Pampa Energía (+4.3%), Tenaris (+3.5%) and Central Puerto (+3.4%). The declines belonged to Banco Superville (-6.3%), and Edenor (-1.3%).
The sharp drop in Banco Superville was due to a worse-than-expected balance sheet. “Net profits have been negative for several quarters. This time the losses were two billion, which represents 4.5 times the red of the previous quarter and 3.8 those of the second quarter of 2021 (measuring the variables in pesos constant),” reported Delphos Investment.
This day the total volume in equities was $8,988 million, of which $2,706 million were traded in shares of Argentine companies, and $5,801 in Cedears.
On the other hand, the head of the Treasury, Sergio Massa, will travel to the United States in the first days of September to hold various meetings, confirmed the Argentine ambassador in Washington, Jorge Argüello.
“In the first days of September we are going to receive the visit of the new Economy Minister, Sergio Massa, who is going to have meetings not only with the IMF, but also with authorities from the Treasury, the White House, multinational banks”Argüello said in a speech at the Council of the Americas in Buenos Aires.
Bonds and country risk
In the fixed income segment, sovereign bonds closed mostly down. Thus, the declines were led by Global 2029 (-4.6%), and Bonar 2041 (-1.6%). The increases corresponded to Bonar 2041 (+6%) and Global 2035 (+2.7%). The country risk prepared by the JP. Morgan bank rose 0.8% units, to 2,441 basic points.
For its part, dollar-linked sovereign bonds fell 0.5% on average, only Q2V3 rose 1%. Meanwhile, CER-adjusted debt, short Leceres and Bonceres rose 0.3%, while long Bonceres and 2005 swap bonds fell 0.4% on average.
Finally, “Demand for dual 2023 bonds continues, which rose 1.5% today, closing at daily highs, concentrating volume again on TDJ23 (due in June 2023)”reported the SBS Group.
Source: Ambito
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