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 the risk country August ended 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 to 5.7% this Thursday, led by Globant, Ternium (-4.6%) and Despegar (-3.5%). Between the ADRs those operating on the rise in the wheel stand out those of Banco Supervielle (+2.5%); Banco BBVA (+2%), and Central Puerto (+1.8%).
Bonds and country risk
This session highlights the strong rise in CER titles. Thus, inflation-linked bonds register widespread increases. The most important: the TX24 (+3.4%), the DICP (+2.9%), and the PR13 (+2.2%).
For its part, dollar bonds operate unevenly. Among the increases, Bonar 2035 stands out with a rise of 3.8%, while Global 2035 stands out among the falls with a slight decrease of 0.4%.
In this framework, the country risk, which is measured by the JP Morgan bank, rose 3 units to 2,388 points after closing August with a decrease of 0.2%.
While, In August, the bonds climbed up to 7.2% thanks to the 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
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