The S&P Merval extends its bullish streak: it rises for the tenth consecutive day

The S&P Merval extends its bullish streak: it rises for the tenth consecutive day

The most active actions of the day are those of Galician Financial Group, with an increase of 3.7%; Securities Bankwith a recovery of 3%; central port scale 2.7% and Pampa Energy2.4%.

Meanwhile, those that rise the most are those of YPF (+4.9%), Galician Financial Group, cresud (+3.6%), Telecom Argentina (3.5%) and Macro Bank (+3.5%).

Record growth of the Argentine stock market in the year

“The stock market continues the overwhelming march toward 200,000 points as the next resistance, so it will be vital to see what happens in that area to corroborate the strength of the liquidity in dance,” said a financial agent.

The Argentine stock market has climbed around 125% in 2022, with converted yields around 30% in dollarswhich stands out globally in the financial world.

ADRs: Argentine companies on Wall Street

Meanwhile, the ADR dynamics of Argentine companies listed on Wall Street show a strong downward trend, with a fall of -4.71% for Transportadora de Gas del Sur, IRSA (-3%), BBVA Banco Francés (-2.45%) , Banco Macro (-2.13%) and Pampa Energía (-1.36%).

The only ADR that shows an upward trend this Wednesday is that of YPF SA, with an increase of 0.50%.

Bonds and country risk

Meanwhile, the dollar bonds They show a downward trend in all cases, except Bonar 2029, which rises 1.2% on the day.

In turn, the Argentine country risk increased 0.1% to 2,157 points.

Source: Ambito

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