ADRs fall to 4.9% with the market attentive to the mid-term elections in the US

ADRs fall to 4.9% with the market attentive to the mid-term elections in the US

Shares of the state oil company YPF gained 1.6% and those of Pampa Energía 2.19%.

In this context, the market remains attentive to the trend on Wall Street due to the mid-term elections in the United States, operators said.

And they added that the extension of the local stock market round by 60 minutes from this week brought little additional volume, since electronic interbank operations maintained their usual hours.

It should be remembered that The stock market activity of Argentina (BYMA) was extended from this Monday in 60 minutes, from 11:00 local time (1400 GMT) to 18:00 local time (2100 GMT)to align the operation to the Wall Street boreal winter schedule.

Shares of Argentine companies listed on Wall Street fall as much as 4.9%, led by IRSA ADRs. Behind are the papers of Banco Macro (-4.8%) and those of Transportadora de Gas del Sur (-3.4%).

Bonds and country risk

In the fixed income market, bonds in dollars operate with most rises of up to 1.4%, led by the Bonar 2035. The Bonar 2041 and 2029 also rose (+0.5%).

For its part, the country risk measured by JP Morgan banking falls 33 units or 1.3% to 2,510 basic points.

Source: Ambito

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