Argentine companies with higher casualties were Telecom Argentina (-3.5%), Cresud (-2.8%) and Transportadora de Gas del Sur (-2.7%). Conversely, companies with higher rises turned out Sociedad Comercial del Plata (+5.11%), Agromental (+4.1%) and BYMA (+2.9%).
For its part, YPF Luz and Geneia tendered their dollar-linked debt securities, with a 0% cut-off rate with a 24-month term for the first, and a 10-year fixed rate of 4.5% for the second. The tender for the Negotiable Obligations of the Telecom telephone company is scheduled for this Thursday.
In Wall StreetArgentine stocks (ADRs) closed with widespread declines led by Telecom Argentina (-4.5%) and Cresud (-3.5%).
Given that the economic policy tools available to the authorities until the elections are quite limited, the ruling party will probably need additional factors to the state of the economy to obtain a victory in the next elections,” said Gustavo Reyes, from Fundación Mediterránea.
The BCRA had to part with some US$59 million of its limited reserves this Thursday to supply the demand genuine market, which accumulates a string of sales in 12 sessions. The entity registers sales of about $365 million so far in February and about $560 million so far in 2023, according to operators.
bonds
In the fixed income segment, Argentine dollar bonds ended mixed, although the declines were more pronounced like those of Global 2046 (-2.8%), Bonar 2038 (-0.7%) and Bonar 2029 (-0.7%).
Dollar-linked sovereign bonds traded slightly higher along the curve, except for T2V3. The duals for their part alternated ups and downs, highlighting the TDF24 that rose 0.5%. Regarding the CER segment, the Leceres closed with average increases of 0.5%, while the Bonceres ended without variations.
For its part, the country risk measured by the JP.Morgan bank rose 0.8% 1934 points.
Source: Ambito
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