The local stock indicator marked a record high level of 267,244.18 units last week,cumulative so far this year a strong improvement of 28.7%. Thus, among the biggest rises in the leading panel were Edenor (+9.7%), Telecom Argentina (+8.2%), and Central Puerto (+6.9%).
For their part, Argentine papers listed on Wall Street rose to 10.3% hand in hand with Edenor, Grupo Supervielle (+7.8%) and Irsa (+7.3%). Conversely, the drop in Globant with 4.2%. For his part, The main indices experienced another day with small ups and downs this Wednesday after the presentation of corporate balance sheets that showed meager benefits.
Bonds and country risk
In the fixed income segment, sovereign dollar bonds ended mixed. The biggest drop was for the Bonar 2041 (-1.6%)and the main rise for the Bonar 2030 (+1.3%).
On the other hand, within titles in pesos, dollar-linked sovereign bonds traded mixed again. On the side of the dual, the entire curve operated slightly downward with falls of 0.1% on average. Y Regarding the CER segment, both the Leceres and the Bonceres closed positive throughout the curves, rising 0.5% on average.
Meanwhile, the country risk measured by the bank JP Morgan rose 0.1% to 1,834 basis points.
“The devaluation of the official exchange rate sped up a rate of 5.3% per month. The gap Come in the official dollar Y the financial dollar implicit in the ‘GD30’ bond, which was close to 80%, expanded despite interventions on this bond by public bodies,” said clearing and settlement agent Cohen.
And the report added: “In response, the bond buyback program allowed a large rise in global bonds in dollars, thus achieving a consequent daily stabilization of financial dollars”.
This happens within the framework of what was announced by the Minister of Economy Sergio Massa who said last week that the country will carry out a foreign debt repurchase for some US$1,000 million.
“On Tuesday (the market) presented the second largest volume traded in the (bond 2030) ‘GD30C’where, in our opinion, the greatest intervention by the central bank (BCRA) appears”, said Portfolio Personal Inversiones and added: “Based on the volume operated in BYMA (Bolsas Y Mercados Argentinos) in cable dollars, we believe that the total amount allocated by the BCRA, for the moment, would reach around US$258 million (until January 24)”.
For their part, sovereign bonds dollar-linked operated again in a mixed way. On the side of the dualthe whole curve traded slightly lower with falls of 0.1% on average. Regarding the segment CERboth the Leceres and the Bonceres closed positives along the curves and they rose 0.5% on average.
Source: Ambito
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