The S&P Merval erases initial rise and the country risk hits a six-month low

The S&P Merval erases initial rise and the country risk hits a six-month low

“The Merval measured in dollars was below the zone of 500 dollars, a resistance that it cannot overcome,” he said. Leonel Buccoloby Rava Bursátil in dialogue with Reuters.

In the leading panel, the biggest increases were for Cresud (+1.2%), Transportadora Gas del Sur (+1.2%), and Pampa Energía (+0.9%). Meanwhile, Cablevisión led the decreases (-1.8%).

On Wall Street, for their part, Argentine companies are listed mixed. The main ascents are for Cresud (+3.7%), and Pampa Energía (+2.5%)and the casualties were led by Despegar (-3%), and Corporación América (-2.1%).

In the local square, after the inflationary data of 4.9% for Novemberlower than market expectations, the The Central Bank (BCRA) kept its reference rate unchanged at 75%.

Bonds and country risk

Dollar bonds are trading mixed. The biggest rises are for the Bonar 2029 (+2.4%), and Global 2038 (+2.3%)while the main drop is for Global 2029 (-0.7%).

The Argentine country risk operated almost stable and was located at 2,197 basis points, its lowest level in six months.

Source: Ambito

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