In this framework, the country risk, which measures the JP: Morgan bank, rises 26 points or 1.1% to 2,420 units.
The Buenos Aires stock market is trading lower this Tuesday due to profit taking after scoring its all-time high the day before, at a time when energy and financial stocks serve as a hedge against high inflation and the constant devaluation of the peso.
The leading stock index S&P Merval loses 1.2% to 142,031.12 units, after the record of 145,859.42 intraday points on Monday. In this way, the Merval advances close to 70% in 2022, against a rise in retail prices slightly below 60% in eight months.
Among the shares that fell the most, those of Transportadora de Gas del Sur (-4.9%) stand out, followed by those of Cresud (-4.9%) and YPF (-3.6%).
It should be noted that in global markets, the impact of a possible new rate hike in the United States and the firmness of raw materials in the world with the war in Ukraine are analyzed.
In this framework, the ADRs operate with the majority of decreases of up to 5.3%, led by Tenaris and Transportadora de Gas del Sur. On the contrary, the financial actions led by Banco Superville (3.2%), Banco Macro (0.7%) and BBVA (0.6%) rose.
Source: Ambito
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