Meanwhile, the CER-adjusted debt performed better in the short tranche, gaining an average of 0.4%, and heavier in the long tranche, which lost an average of 0.15%, according to a report by the SBS Group. And he added that finally, the 2023 duals continued to monopolize business and rose 0.5% in their three versions.
“Sovereign bonds in dollars surprise again with some very attractive rises obtained during today’s session and recover ground lost since Guzmán left as minister. Earnings attracted new eyes from the market which, with an interesting trading volume, reflected increases of around 4% across the board and in both local and foreign legislation.“, he analyzed javier ravadirector of Rava Bursátil.
And he added: “This could be extracted from an idea more to the liking of the market itself in relation to the position of Guillermo Rubinstein as Secretary of Economic Programming, since he could carry out the delicate fiscal part with a possible approval of the local market.”
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 that sense, the ADRs operated with an upward trend up to 6.2%.
Banco Superville (6.2%), Cresud (6.1%), and Pampa Energía (4.7%) led the advances. Meanwhile, the setbacks of up to -1.5% belonged to Ternium (-1.5%); Corporación América (-0.6%) and Edenor (-0.6%).
The port bag, For its part, it also operated 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 rose 2.37% to a record 140,246.05 units. 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
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.
