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ADRs bounce up to 5% on Wall Street in tune with external markets

ADRs bounce up to 5% on Wall Street in tune with external markets

In New York, the shares of Argentine companies rebounded hand in hand with the papers of the financial sector: BBVA gains 4.7%; Banco Macro rises 4.5%; and the Galicia Financial Group increased by 3.9%.

On the Buenos Aires stock market, the BYMA S&P Merval index rose 1.1%, to 249,144.88 pointsled by shares in the energy sector.

Stockbrokers agree that the area of ​​the 250,000 Merval units It is a key resistance to glimpse the rhythm of the market in the short term.

Bolsas y Mercados Argentinos (ByMA) ordered that from next Monday its activity will be reduced, 60 minutes less than currently.

In the fixed income segment, the main bonds denominated in dollars operate with falls of up to almost 2%, such as the Global 2029 (-1.9%); Global 2041 (-1.8%); and Global 2035 (-1.8%).

Thus, the Argentine country risk, measured by JPMorgan, fell 0.3% to 2,039 basis points.

Source: Ambito

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