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Friday, March 31, 2023

The S&P Merval falls and consolidates its February downtrend

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The index BYMA’s S&P Merval falls 0.9% and stands at 248,261.70 unitswhile the shares of Argentine companies on Wall Street operated with a negative trend, with losses of up to 3.6%.

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The leading panel of the Buenos Aires stock market -in tune with the reference market- shows the majority of numbers in red, with the papers of Transener and YPF leading the cuts with falls of 2.4% in both cases.

For his part, Cresud (+1.6%) and Central Puerto (+0.3%) recorded the only increases.

While, the ADRs of Argentine companies on Wall Street traded with a predominance of declinesin a day in which YPF (-3.6%) and Pampa Energía (-2.4%) showed the main declines. Contrary, Mercado Libre (+2.1%) and Cresud (+1.8%) led the small batch of six companies with increases.

Bonds and country risk

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In the fixed income segment, bonds in dollars registered the majority of losses -with drops of up to 2.2%-, while titles in pesos operated with increases of up to 1.2%.

Thus, the risk country measured by JPMorgan it fell 0.2% to 1,963 basis points.

Source: Ambito

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