The stock market increases close to 70% in 2022, in the face of inflation slightly below 60% in the first eight months of the year.
Financial businesses are also compromised by the possible new rise in interest rates in the United States, the euro crisis and the impact of the prolonged war on Ukrainian soil.
It should be remembered that hehe financial center of Argentina closed with disparate prices in August. While the S&P Merval rose 11.2%, dollar bonds ended mixed and country risk ended August with a slight drop. It happened amid a search for hedges by investors in the face of high inflation and currency depreciation.
In the monthly balance, BYMA’s leading S&P Merval stock index rose 11.2%. For its part, the index measured in dollars grew 9.5%, almost the same figure as the accumulated annual figure, which stood at 10.9%. In this way, the Merval accumulates a rise of 60.7% so far this year.
While, the shares of Argentine companies listed on Wall Street sink more than 4% this Thursday, led by the titles of Ternium (-4.1%); Free Market (-4%) and Globant (-3.5%).
Among the ADRs that operate on the rise in the trading session, those of YPF stand out (+1.3%); Transportadora de Gas del Sur (+0.9%) and those of Loma Negra (+0.6%).
Bonds and country risk
In the fixed income segment, dollar bonds operate unevenly. Among the increases, Global 2035 stands out with a rise of 2.5%, while among the falls, Global 2030 stands out with a slight decrease of 0.4%.
In this framework, the country risk, which is measured by the JP Morgan bank, rises 3 units to 2,388 points after closing August with a decrease of 0.2%.
Meanwhile, in August bonds climbed up to 7.2% thanks to Global 2046. Global 2029 (+5.9%), and Global 2035 (+2.1%) also led the rises. As for the main drops, they were for the Global 2038 (-4.7%), the Bonar 2038 (-4.5%), and the Bonar 2029 (-4.4%).
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.
