In that framework, the S&P Merval index loses 0.1%, to 142,814.77 points, amid falling global markets on concerns about future high interest rates and a possible global recession.
Among the shares that fell the most, those of Edenor (-3.3%) stand out; Telecom (-3.1%) and BBVA Bank (-2.8%). While the increases are led by YPD (+2.3%), followed by those of Mirgor and Aluar (+1.5%, respectively).
It should be noted that the Argentine financial market is preparing to close a week with a differential exchange rate for soybean exporters, which helped to recover some of the reduced reserves of the Central Bank (BCRA).
Among the losses of the day, YPF shares stood out with -10.3%, at 1,956 pesos at times when the price of oil fell about 6%, to an eight-month low, as the dollar rose to a two-decade high on recession fears.
The drop comes after the Fed raised interest rates by 0.75 percentage points on Wednesday, the third consecutive hike of this magnitude, and Fed Chairman Jerome Powell said he was determined to continue monetary tightening to counter inflation.
The decision led to rate hikes from the Bank of England, among other central banks, on Thursday, boosting the chances of a global recession.
Black Friday led by the collapse in commodity prices dragged down Wall Street and the European stock markets, in tune with the depreciation of the euro and the pound to record lows against the dollar.
Bonds and country risk
In the fixed income segment, sovereign bonds in dollars They operate with a majority of losses, affected by profit taking in the face of renewed risk aversion. The biggest setbacks are led by the Bonar 2030 (-2.2%), Global 2030 (-1.9%) and Bonar 2029 (-0.4%).
Thus, the country risk measured by the JP Morgan bank rises 1.9% or 47 units, to 2,570 basis points.
Source: Ambito
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