BYMA’s benchmark S&P Merval index lost 1.3% to 196,708 points, after scoring his intraday record at 205,953.37 units in the previous session.
The stock market accumulates a strong rise of 135% in the year and with returns of around 43% in dollars, which makes it stand out in the global financial system.
“Typical year-end conference, portfolios are cleared and positions are released to start 2023, liquidity is controlled and only what is necessary is done”synthesized a bank agent.
Bonds and country risk
In fixed income, debt in dollars averaged a retraction of 0.4% due to short-term gainsnext to a JP.Morgan’s country risk with a slight drop of two basis points, to 2,160 units. The bonds show a profit of 5.5% in December.
The complexity of the Argentine economy led the country risk to climb to almost the record of 3,000 points at the end of July, prior to the assumption of Sergio Massa as head of the Ministry of Economy.
Meanwhile, the Treasury surprised investors with the call for a debt swap in pesos with the start of 2023 with the objective of clearing the way in the next first quarter. It is an exchange of eight titles for two baskets made up of either ‘Ledes’ letters or ‘Dual’ bonds.
Source: Ambito
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