Argentine shares flew up to 9% on Wall Street and country risk falls to its lowest since June

In the Buenos Aires stock market, for its part, and with a round limited to barely an hour, the S&P Merval index climbed 2%, to 172,335.85 pointsafter scoring his intraday record in pesos at 172,591 units minutes before the opening.

In the leading panel, the biggest promotions were for YPF (+5%), Pampa Energía (+4.1%) and Transportadora de Gas del Norte (+3.4%). The decreases meanwhile were for banks Supervielle (-1.9%) and Macro (-1.1%).

Bolsas y Mercados Argentinos (BYMA) decided to adhere to the official measure for its traditional round, although the stock market guarantees were made until 3:00 p.m. and the operational settlements maintained their usual hours.

Operators agreed that the unexpected official decision produced an abrupt cut in liquidity, dominated by selective purchase orders on assets with high investment exposure.

By decree, the presidency ordered that financial activity be carried out until local noon, at which time the components of the team began to travel the highways of Greater Buenos Aires and the capital city with an overflow of the people.

Bonds and country risk

In the fixed income segment, dollar-denominated bonds closed mixed on the Buenos Aires stock market, with increases led by the Overall 2029 (+3.8%); and losses led by Bonar 2035 (-1.6%). A market source informed Ámbito that “the bonds almost operated in the local market.”

Thus, the country risk measured by the bank JP.Morgan It fell for the seventh consecutive day: it fell 1.7% to 2,123 basis points, a new minimum since last June.

“The sovereign debt returns to the levels of last May due to the interest on Argentine bonds in foreign currency, despite the bad moment of the international markets”, said a financial agent.