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ADRs up 5% in tune with Wall Street; country risk falls below 2,500 points

ADRs up 5% in tune with Wall Street;  country risk falls below 2,500 points

In that context, the market remains attentive to the trend on Wall Street due to the mid-term elections in the United States, traders 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 rose as much as 5.3%, led by Globant ADRs. Behind are the papers of Pampa Energía (+3.1%) and Ternium (+2%). The ones that fell the most were: Corporación América (+3%), Transportadora de Gas del Sur (+3%), and YPF (+1.7%).

Bonds and country risk

In the fixed income market, bonds in dollars operate with most rises of up to 2.4%, led by the Bonar 2038. The Bonar 2035 (+2.3%), the Global 2029 (+1.9%) and the Bonar 2030 ( +1.9%).

For its part, the country risk measured by JP Morgan banking falls 1.7% to 2,499 basis points.

Source: Ambito

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