On the last day of the month, dollar bonds traded down as much as 6.3% (Bonar 2035).
In the global economic framework, fears of a recession in a context of rising interest rates to alleviate inflation created a marked aversion to risk at a time of strong dollar strength.
A) Yes, the Argentine country risk measured by the JP Morgan bank accumulated a rise of 15% in the month, to finish near the 2,700 units.
S&P Merval and ADRs
in the stock market, the leading benchmark S&P Merval improved 1.5% this Friday, to a level of 140,036.76 points, encouraged by the improvement of the local Adrs listed in New York.
Thus, throughout the month the leading panel noted a tepid improvement of 2.2% in pesos, and a drop of 1.8% measured in CCL dollars.
Meanwhile, Argentine stocks operating on Wall Street were trading with most increases this Friday, led by Cresud (+2.8%); followed by Globant (+2.1%) and Corporación América (+2%). Meanwhile, the losses are recorded by the actions of Tenaris (-2.1%); Supervielle (-1.1%) and YPF (-0.4%).
During September, the Argentine papers registered disparate variations. The greatest advances were noted YPF (+13.5%); and Transportadora de Gas del Sur (+12.1%). Instead, the main casualties were recorded by take off (-27.1%); and Cresud (-12.2%).
Source: Ambito
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