“As a result of abnormal trading behavior being detected in the Price Time Priority Segment (PPT); BYMA, applying a prudent criterion, decided to bring forward the market close, respecting the negotiated agreement and thereby trying to avoid potential unwanted consequences” , explained the Stock Exchange.
In the leading panel, the biggest rises of the day were for Agrometal (+10.2%); Transportadora de Gas del Sur (+7.1%); Holcim (+5.7%); Transportadora Gas del Norte (+5.6%), and Loma Negra (+5%).
The main losses corresponded to BBVA (-1.3%) and Sociedad Comercial del Plata (-1.1%).
For his part, Argentine papers listed on Wall Street closed with the majority of increases. The rises were led by Irsa (+6.5%), Transportadora de Gas del Sur (+5.9%), Vista Energy (+5.8%), and Telecom (+4.2%).
A foreign bank agent commented that “More pesos are slowly being seen in the market due to the foreign exchange intervention of Banco Bentral, many of which take refuge in bank assets or fixed terms, or only a small part of investors are looking for the dollar again, at least for now.”
On Monday, the Government launched the reopening of the Export Increase Program (PIE), which establishes a differential exchange rate for the soybean complex of $230 per dollar, with which it aims to raise some $3,000 million until December 31. In that context, The BCRA bought this Tuesday, November 29, US$122 million in the official exchange market. It accumulated purchases for US$314 million during the week.
For its part, Wall Street had a mixed close on Tuesday, with the Nasdaq and the S&P 500 in negative territory and the Dow Jones stable, pending statements from the head of the Federal Reserve, Jerome Powell, this Wednesday.
The index Dow Jones closed stable without variation at 33,852.53 points, the technological Nasdaq lost 0.6% to 10,983.78 points and the S&P 500 lost 0.2% to 3,957.63 units.
The New York Stock Exchange “still exhibited a cautious behavior, awaiting signals from Powell and the employment report for Friday, before which domestic assets appeared firmer while operators evaluate the implications of the very weak tender Monday’s debt”, commented the economist Gustavo Ber.
Bonds and country risk
In the fixed income segment, meanwhile, Sovereign bonds dollar nominees they ended with a majority of increases. Among the highlights of the day were Global 2030 (+3.8%), and Global 2035 (+3.2%). In that framework, the Argentine country risk measured by JPMorgan it was down 2.73% to 2,319 units.
For his part, CER-adjusted securities in pesos closed with a rise of 0.2% in the short tranche, while in the long tranche they advanced 0.8%.
Source: Ambito
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