The Buenos Aires stock market is on the rise this Thursday, March 9, due to the coverage of institutional investors awaiting corporate balance sheets and the expectation of a debt swap.
The porter bag operates on the rise this Thursday, March 9, due to the coverage of institutional investors awaiting corporate balance sheets and in line with the discounted new increase in Federal Reserve (Fed) interest rates. Meanwhile, in the local panorama the expectation for the debt swap that the Ministry of Economy will carry out today, which will be key to clearing the upcoming maturities.
In this context, sovereign bonds in dollars operate with falls of up to 2% led by Bonar 2038, followed by Global 2029 (-1.4%) and Bonar 2035 (-0.6%). Meanwhile, Global 2046 operates with a slight rise of around 0.1%. So, the country risk exceeds a key value of 2,100 basis points, the highest in two weeks.
S&P Merval and ADRs
He S&P Merval It advances 1.1%, to 253,789.33 points, after increasing 1.79% on Wednesday prior to a giant voluntary sovereign debt swap that the Government is facing. This business could return to the round with intraday volatilitysaid operators.
Regarding the Argentine papers on Wall Street, they operate mixed with advances of up to 3.6% led by Corporación América, Irsa (1.6%) and Despegar (1.1%). For their part, Cresud, Banco Macro (2%) and Ternium (-1.8%) fell to 2.4%.
During the day, the presentations of the corporate balance sheets of the energy companies YPF, Pampa, TGS and Central Puerto are awaited, plus those of services such as BYMA, Telecom and Cablevisión.
“The most expected results are those of (the state oil company) YPF, with a declining increase in revenues. The lower price per barrel quoted internationally was reflected in the sales of most oil companies, and we do not believe that YPF is the exception“said consultancy Delphos Investment.
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