BYMA’s benchmark S&P Merval increased by 0.7%, to 203,661.25 points, after recording his intraday record in pesos of 205,953.37 units. A) Yes, accumulates a jump of almost 25% in 11 consecutive days. While measured in dollar CCL, It is close to 600 points, the highest since August 2019.
The ascents of the day are headed by the actions of Cablevision (+2.6%); Transener (+1.8%); and Grupo Financiero Valores (+1.9%).
The Stock Market accumulates a firm rise of 143% in pesos in the year, with yields converted to around 33% in dollars and thus stands out in the world financial system.
“The S&P Merval reached a historic value of 200,000 points in local currency, after rising eleven days, accumulating 24.3% in this short period”, commented from Cohen Aliados Financieros. “Anyway, measured in (the ‘settled spot’ exchange rate) ‘CCL’ is still just under 70% below the all-time high achieved at the start of 2018,” they added.
On Wall Street, meanwhile, the Argentine shares operate with widespread increases. The advances are led by the papers of Edenor (+4.3%); Supervielle (+3.9%); and Mercado Libre (+3.4%).
Bonds and country risk
In the fixed income segment, on the other hand, dollar bonds showed most falls. The Bonar 2029 fell 5.8%, while the Global 2030 yielded 3%, among the main setbacks of the day.
For his part, he Argentine country risk of JP.Morgan recorded a slight rise of two basis points, to 2,159 units.
The Ministry of Economy On Wednesday, it captured 326,610 million effective pesos (about 1,852 million dollars) in Treasury bills with 1,426 offers received, to finish its auction plan in the year with the total renewal of maturities.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
