Leading the improvements in the leader panel, the actions of Central Puerto and Transportadora de Gas del Sur with 3.2% and 2.7%, respectively. In contrast, Sociedad Comercial del Plata (-4.4%) and Transener (-0.9%) presented the most pronounced falls.
The market shows symptoms of hubbub in line with the world conquest of its soccer team, with a Buenos Aires stock market that breaks records in pesos on a daily basis with selective liquidity.
“Fly the Merval” said the settlement and compensation agency Cohen, “favored by the international context and the improvement of sovereign bonds”, with a country risk at the lowest level since the beginning of June.
For their part, the ADRs of Argentine companies on Wall Street they operated in a mixed way, with Globant (-5.8%) and Mercadolibre (-3.3%) at the top of the losses. The advances were also led by Central Puerto (3.1%) and Banco Macro (2.6%), followed by Irsa (2.3%) and Pampa Energía (1.2%).
Bonds and country risk
In the fixed income segment, sovereign bonds in dollars stopped their upward streak and fell to 2.7%, before a foreseeable profit-taking.
For his part, Argentina’s country risk, measured by the JP.Morgan bank, remained in the area of 2,086 basis points, the lowest level in just over six months.
It is expected that during this day the board of the International Monetary Fund (IMF) approves the third revision of the agreement with the country, which will enable a new disbursement that will strengthen the reserves of the central bank (BCRA).
The IMF board of directors will have its last formal meeting of the year this Thursday, where Argentina will be the main protagonist. The highest level of the financial organization will close its working year at noon in Washington, approving in general lines the numbers and percentages corresponding to the goals of the third quarter of the year agreed within the Extended Facilities, with which will release some US$6.2 billion so that the country complies with the payments of the quotas corresponding to the maturities of the stand by signed by Mauricio Macri in 2018.
In addition, on Wednesday it became known that in November, the National Public Sector had a primary red of $226,838 million, in a month in which no primary placement property rental income was recorded, reported the Ministry of Economy.
The country would be closer to meeting the total imbalance goal for the 12 months of 2022 of 2.5% of GDP. And that, furthermore, with the November projection, there would be room to discuss the highly promoted year-end bonus for public and private workers.
Source: Ambito
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