Shares of aluminum producer Aluar climbed 5.9% and led the day’s gains after the Government guaranteed the price of energy to increase its production capacity and create jobs.
An official source said the company “It will increase its production capacity by 106,000 tons and that will also allow us a positive foreign exchange balance in an increase of about 200 to 250 million dollars.”
Other strong rises of the day were registered by Cresud papers (5.5%); Cablevisión (5.1%); Ternium (4.4%); and Central Puerto (4.4%). On the other hand, the falls of the day were scored by Transportadora de Gas del Norte (-1.8%); YPF (-0.5%); Edenor (-0.5%); Richmond Laboratories (-0.3%); and Holcim (-0.3%).
The volume traded in shares jumped 43.2% to $ 1,337 million, the highest level in three weeks. In any case, it represented only 23% of the total traded in equities, given that the amount traded in Cedears soared 55% to $ 4,501 million, one of the highest of the year.
On Wall Street, the papers of Argentine firms closed the day with a majority of gains, led by Cresud (7.9%); Central Puerto (5%); Globant (4%); Telecom Argentina (3.6%); and Banco Supervielle (2.6%). Rather, the only five casualties were scored by IRSA Commercial Properties (-1.9%); YPF (-1.4%); View (-1.4%); Corporation America (-1.1%); Edenor (-0.7%); and Transportadora Gas del Sur (-0.2%).
With the beginning of the third quarter balance sheet season in full swing (this Thursday the main US banks reported, all presenting positive surprises), the S&P 500 had its best daily performance since March, gaining 1.7%, from the hand of great technology.
For their part, commodities linked to energy remained firm, with WTI oil rising 1.25% to $ 81.45. In these latitudes, the inflation index for September was known, surprising with a 3.5% monthly
In this context, our S&P Merval climbed 2.18%, trading $ 6.03 billion in variable income, 75% of which was taken by the cedears, highlighting the performance of ALUA (+ 5.92%), CRES (+ 5.47%) and CVH (+ 5.12%).
In the fixed income segment, bonds denominated in dollars closed unevenly, after several days with falls.
The most salient setbacks of the day were recorded by the Global 2046 (-1.9%); the Bonar 2038 (-1.3%); while on the side of the advances appeared the Bonar 2041 (+ 1.4%); and the Global 2035 (+ 0.9%).
Thus, the Argentine Country Risk remained firm, very close to 1,630 basis points.
Among the bonds in pesos, meanwhile, those adjustable by CER jumped to 2.2% after September inflation accelerated to 3.5% (the accumulated rate for the year is already at 37%), a figure above market expectations (atnalists expected 3.3% at most). Let us remember that in August the CPI had marked 2.5%, the lowest monthly figure of the year.
“The debt in pesos with CER adjustment operated at the rate of inflation data, opening the taker early with rumors of a high figure, and accelerating the rise after the number was confirmed,” they said from the from the SBS Group. These bonds rose 0.5% in the short section of the curve, but climbed an average of 1.5% in the medium and long sections.
While, dollar linked debt was in demand, on a day of good activity, rising by an average 0.5% along the curve.
After the market closed, Economía announced that it obtained $ 46,403 million in a new debt placement, managed to cover the total maturities in October and added extra financing for $ 64,366 million.
409 offers were received, representing $ 52,524 million, of which an effective value of $ 46,403 million was awarded, reported the Ministry of Economy. Only andl 8% corresponded to the new securities called Treasury Liquidity Letters (LELITE), which made their debut in the local market.
The 88% awarded was in instruments due in 2022 and 4% to the BADLAR Bond, with an additional interest of 5.5% due in 2023.
Economy reported that 28% was represented by fixed rate instruments, 68% adjustable by the Reference Stabilization Coefficient (CER) and the remaining 4% at variable rate.
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