In the leading panel, the main casualties were for YPF (-7.3%), BBVA bank (-7%), and Cablevisión (-6.3%). Among the promotions of the day, the most relevant were Edenor (+2.6%), and Transener (+1.5%).
Operators agree on current attention on the Brazilian marketwhere after the inauguration of Lula da Silva as president, the real tends to lose value against the dollar and the Sao Paulo stock market deepens its falls, trends that are detrimental to business in Argentina.
On Wall Street, after the holiday, Argentine papers closed with a majority of drops of up to 5.4%, such is the case of YPF and Cresud. In addition, BBVA (-4.7%), Tenaris (-4.6%) and Telecom (-4.5%) fell. Among the few rises of the day, Edenor’s assets appeared (+8%).
Through assembly approval, the Board of Directors of Grupo Financiero Galicia resolved to make available to shareholders, starting next Monday, 4,000 million pesos (about 22.4 million dollars) in cash dividends.
Bonds and country risk
In the fixed income segment, the dollar bonds They ended the day with the majority of raises. A) Yes, the biggest increases were for Bonar 2030 (+3.1%) and Global 2041 (+2.9%). The main losses, meanwhile, were for the Bonar 2038 (-1.1%), and the Bonar 2041 (-0.6%). The country risk measured by JPMorgan falls -0.09% to 2,211 basis points.
For his part, dollar-linked sovereign bonds traded little volume and closed mixedyes. The dual bonds had almost no activity and closed with marginal increases of 0.25% (the TDF24 rose 2.5%). Regarding the CER segment, the Leceres alternated ups and downs, while the short Bonceres gained 0.4%.
This Tuesday, the Ministry of Economy prepared to circumvent a debt swap considered key in the market. Thus, the portfolio was able to successfully exchange a good part of the debt maturities of the first quarter of the year, by extending at nearly $3 billion the scheduled payments of the different instruments between January and March.
The National Treasury had to face maturities of $1.1 trillion in January, $1.2 trillion in February and $2 trillion in March. After this conversion operation, managed to reduce projected maturities to $0.39 trillion, $0.42 trillion and $0.6 trillion respectively.
Source: Ambito
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