The indicator prepared by the JP.Morgan bank it pierced its previous ceiling of 1,669 points, reached at the end of last March, by climbing 1.2% (19 basis points) to 1,672 points.
It was due to the fact that dollar bonds fell to 1.4% (Global 2038), on another difficult day for emerging markets, especially Brazil.
In the peso segment, meanwhile, the dollar linked sovereign tranche rose to 0.5%, while the CER-adjusted debt in pesos closed with the majority of increases.
Investors remained wary of local economic and political tensions within weeks of the crucial legislative election amid high inflation and strong monetary issuance.
S&P Merval
The Buenos Aires stock market erased its initial low this Friday and managed to end up on the rise. The external context was influenced by political tensions in Brazil, Argentina’s main trading partner, after the resignation of Treasury officials.
The S&P Merval leading index of Argentine Stock Exchanges and Markets (BYMA) went up a slight 1%, to 86,898 units, after setting a historical record of 87,157.62 points intraday on Wednesday. Thus, the leading panel gained 6.3% in the week.
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