S&P Merval and ADRs
In the external context, investors await signals on the future of US interest rates from the president of the US Federal Reserve, Jerome Powell, at the Jackson Hole symposium on Friday and the main indices advance up to 1%. In this sense, the ADRs operate with an upward trend of up to 6.2%, led by the financial sector.
Banco Superville (6.2%), Banco Macro (3.3%) and Grupo Financiero Galicia (3%) lead the advances. Meanwhile, the declines of up to -1% belong to Ternium (-0.6%), Edenor (-0.6%) and Corporación América (-0.5%).
The port bag, For its part, it also operates with an upward bias in prices, remaining at historical maximum levels due to repurchases of positions pending an improvement in the variables of the local economy.
The leading stock index S&P Merval it rises 2.1%, to 139,833.86 units and marks a new historical record. The leading benchmark advanced a strong 3.59% in the previous session.
“The assets are going through a local scenario that the market could consider favorable and continue with the upward trend that they maintained during the last rounds,” said Mauro Natalucci of Rava Bursátil. The Merval accumulates a climb of more than 60% in less than a monthhe added.
Source: Ambito
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