The local stock market posted a historical maximum hourly level of 84,402.48 units, and surpassed the 83,923.24 points scored after the defeat of the Government in the primary elections last month.
The advances of the day were led by the shares of Pampa Energía (+ 4.7%); Transener (+ 3.7%); and Grupo Financiero Valores (+ 3.4%). Meanwhile, the only two setbacks of the day were for Cablevisión papers (-0.2%); and Loma Negra (-0.2%).
The volume traded in shares fell 8.1% to $ 1,557.6 million, representing less than 30% of the total traded in equities (the amount traded in Cedears jumped 43.2% to $ 3,729.2 million).
The stock market company Allaria Ledesma announced that it raised the recommendation on the Pampa Energía from ‘keep’ to ‘buy’, in line with the new goal for the end of 2022 of 285 pesos per share. This Tuesday, it closed at $ 160.35 per share.
He also increased the line for Cresud, from ‘hold’ to ‘buy, with a renewed price for December next year of 177 pesos for each title. It is the day, the signature agriculture increased 0.8% to $ 111.70.
In the region, Brazil’s main stock index fell sharply because information that the Bolsonaro government plans to bypass the spending ceiling to finance social assistance programs scared investors, on a day in which the real also closed with losses, despite the strong intervention of the Central Bank (it sold US $ 500 million). The Bovespa fell 3.2% to 110,762 points, while the real lost 1.4% to 5.5956 units per dollar, its lowest closing level since mid-April.
For their part, US stock indices rose Tuesday, with the biggest gains in the tech and healthcare sectors as investors looked gambling on strong quarterly earnings reports, even when some worried it was too early to celebrate.
In its fifth consecutive earnings session, the benchmark S&P 500 finished just 0.4% below its record close of early September, while the Dow Jones Industrial Average closed the day about 0.5% below its maximum reached in mid-August.
Thus, the Industrial Average Dow Jones gained 0.6% to 35,457.31 units; the S & P500 index rose 0.7%, to 4,519.63 units; and the Nasdaq Composite also added 0.7%, to 15,129.09 units.
In the fixed income segment, dollar-denominated bonds they ended with a majority of losses in the local stock market, with the Global 2041 (-4.8%) at the top of the losses, which reflects the uncertainty that the eventual agreement with the IMF arouses. Among the Bonares, some demand appeared in 2035 (+ 1.2%); and in 2029 (+ 0.1%).
In New York, meanwhile, the Globals took some encouragement and rose between 0.3 and 0.5%. The weighted average price was once again above the $ 35 threshold (closed at $ 35.08).
Against this, the Argentine Country Risk yielded 0.3% to 1,639 points, after testing its highest level since last March (1,669 points intraday).
Among the bonds in pesos, on the other hand, those adjustable by CER rebounded and Gained up to 1.2% (Pair), after last week it was known that inflation accelerated to 3.5% in September, a figure above market expectations.
“In terms of a short-term strategy for the investor who must maintain a position in pesos, CER-adjustable instruments seem the best alternative, even based on the REM projection (realized inflation could be higher). However, a latent risk is the discussion behind the price freeze program “, commented from Personal Portfolio.
On the other hand, dollar linked securities closed with falls throughout the curve, especially in the TV22 (-0.7%) and in Q2V2 (-0.8%).
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
