On the last day of the month, bonds in dollars closed with falls of up to 6.8% (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 17% in the month, to finish near the 2,800 units.
S&P Merval and ADRs
in the stock market, the leading benchmark S&P Merval gained 0.8% to 139,115.09 points, based on improvement in local ADRs listed in New York.
Thus, throughout the month the leading panel noted a tepid improvement of 2.1% in pesos, and a fall of 3.2% measured in CCL dollars.
Meanwhile, the Argentine shares that operate on Wall Street ended the round with the majority of increases, led by Central Pureto (+2.2%), Corporation America (+2%). Meanwhile, the losses were recorded by the actions of Pampa Energia (-1.3%); Tenaris (-1.1%) and Banco Macro (-1%).
During September, the Argentine papers registered disparate variations. The greatest advances were evidenced YPF (+13.1%); and Transportadora de Gas del Sur (+11.8%). Instead, the main casualties were recorded by take off (-27.9%); and Cresud (-12.6%).
Source: Ambito
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