For its part, the leading panel measured in pesos has shown an unusual improvement of 200% since the beginning of 2022, which represents an average return of 45% in dollars, placing it on the podium of financial businesses in the world, remarked sources from the plaza Argentina.
in the day, all leading panel stocks ended uphowever, those that registered the greatest increases were Securities Group (+10.5%); Holcim (+9.5%); and Argentine Stock Exchanges and Markets (+5.5%).
The volume in shares fell 33% to $3,999.4 million, which represented 72% of the variable income traded. Thus, the remaining 28% was traded in Cedears, whose daily amount sank 72.6% to $1,530.1 million.
“Local shares do not end the excellent streak and continue on their upward path”, said Leonel Buccolo from Rava Bursátil.
“In the last three months, the Merval has risen more than 70% and is one of the best performing assets of last year, along with the basic goods sector. That is no coincidence, since Argentina is one of the largest producers of soft commodities in the world, such as corn and soybeans”commented Alexander Londoño of ActivTrades.
“The combination of punished valuations together with the expectation of a change in the political cycle triggered a greater appetite for stocks and bonds in dollars, beyond recognizing the noise that usually characterizes a year with a busy electoral calendar and multiple economic challenges to manage during this transition stage,” said Gustavo Ber from Estudio Ber.
Bonds and country risk
In the fixed income segment in dollars, sovereign bonds operated with a reduced volume on the local stock market without reference values before the US holiday, after accumulating an improvement of 4.6% last week. During the day, the advances of the Global 2035 (+5.4%), Bonar 2029 (+4.9%) and Global 2030 (+4.8%).
Meanwhile dollar-linked sovereign bonds traded mixedbeing positive at both ends of the curve and closing the middle section in red. the duals for his part they were ordered and rose 0.4% on average, except for the TDF24 which fell 0.2%. Finally, CER-adjusted bonds showed timid demand and rose an average of 0.3% along the curve.
For the foreign holidaythe country risk remained unchanged at 1991 points.
Source: Ambito
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