In the leading panel, the only gains are for shares of Mirgor (+2.6%) and of Southern gas carrier (+0.8%). While, those that decreased the most are YPF (-3.1%), Central Puerto (-1.5%) and Banco Macro (-2.1%).
“The market today (Monday) is more linked to the external trend and the lower appetite for risk”said an operator and pointed out that “eyes are on the activity of the central bank (BCRA) with the new soybean dollar.”
Last week, Argentina reinstated a special exchange rate of 230 pesos to the dollar for soybean exports to stimulate its currency settlements and bolster the BCRA’s dwindling reserves.
The monetary entity said that during the past week it had a positive balance of US$457 million for its intervention in the official exchange market, which allowed the recovery of international reserves, which are located at US$38,291 million.
“The evolution of the soybean dollar will be the most relevant ‘driver’ in this short week”affirmed Portfolio Personal Inversiones.
“The amount by which the BCRA coffers can be increased in the remainder of December will be of fundamental importance. If the program is successful, we would expect to see an improvement in the country risk, leaving the possibility that the local ‘equity’ manages to expand your roof,” he added.
In this context, the New York stock market continues to drop, the Dow Jones score a loss of 1.21% to 34,024.96 points, while the technological nasdaq record a 1.5% loss to 11,287.80 units, and the Expanded S&P 500 Index decreases 1.5% to 4,012.38 points.
For their part, Argentine shares listed on the New York Stock Exchange are once again in line with the falls on Wall Street and are trading with a majority of losses. Among them stand out Free market (-3%), Macro Bank (-2.8%) and central port (-2.6%). For their part, only two companies operate upwards: Southern Gas Transporter (+0.8%) and edenor (+0.3%).
Bonds and country risk
In the dollar fixed income segment, the bonds transit the day with widespread casualties. those who higher losses have are the Global 2035 (-2.8%), the bonar 2041 (-1.8%) and the Global 2038 (-1.5%). While, upload only Bonar 2035 (+1.2%).
In this frame, the country risk falls 0.1% and stands at 2,242 basis points.
Source: Ambito
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