The leading stock index S&P Merval it gained 1.1%, to 145,165.27 units, led by the improvements noted in energy titles, after accumulating a rise of 5.7% in the three previous trading sessions.
“This increase does not mean that it is not yet an opportunity, taking into account the technical analysis, the short-term indicator continues to show that it is slightly oversold and today it begins to buy”, said Ayelén Romero, from Rava Bursátil.
The day’s gains were led by the actions of South Gas Carrier (+4.3%); YPF (+3.6%); and Aluar (+2.4%).
For its part, on Wall Street, Argentine papers operate with the majority of increases, which were led by the assets of Transportadora de Gas del Sur (+5.9%); VistaEnergy (+5.5%); and YPF (+3.5%).
Global markets improved on hopes that the US Federal Reserve will be less aggressive in its interest rate policy.
Bonds and country risk
Unlike stocks, dollar bonds they lost strength and yielded up to more than 1%, after a week of firm advances. The main casualties were noted Bonar 2035 (-1.2%); Bonar 2029 (+1.2%) and Bonar 2041 (+1.1%).
Therefore, the argentine country risk rebounded 0.3% to 2,508 basis points, after registering six consecutive losses.
Source: Ambito
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