In this context, the leading index S&P Merval by BYMA it advanced 2%, to 275,717.4 units, after marking a maximum intra-hour historical value in pesos of 276,242.63 points. Thus, the stock market accumulates a run of six consecutive sessions with a 9.6% rise led by energy companies such as the state oil company YPF.
The shares of the leading panel showed a good weekly performance and the S&P Merval index rose 10% in dollars (CCL), and 9% in pesos, in a context of seeking coverage due to high inflation.
On Wall Street, meanwhile, ADRs and shares of Argentine companies on Wall Street They also showed a positive trend this Friday, with increases of up to 6.5%. Such was the case of the Supervielle Group. They climbed to the podium of the highest climbs Edenor (+5.5%), and BBVA bank (+4.9%).
Meanwhile, the shares of Argentine companies that fell the most in New York were those of Globant (-2.5%); Bioceres (-2.2%), and Tenaris (-1.3%).
The financial market operated with improvements in response to the important volume that was registered the day before in the so-called agricultural dollar, which stimulates exports from the agricultural sector at a differentiated exchange rate.
The monetary authority bought about 60 million dollars at the end of the week and returned a positive of about 297 million dollars for its coffers, against special agricultural settlements for some 765.4 million dollars in the last three days.
“Those of the ‘soybean dollar 3’ is a great breather for the central bank, but it is generated in a limit situation for the economy (of the country), with a minister (of Economy, Sergio) Massa who seeks oxygen daily to arrive with the ship to a good port” ahead of the presidential elections in October, said analyst Marcelo Rojas.
The World Bank disburses 300 million dollars to Argentina for educational scholarships, announced Massa from the United States where he is participating in the spring meeting of the credit institution together with the IMF.
Bonds and country risk
In the fixed income segment, the dollar bonds closed with a majority of losses. The one that fell the most is the GD29 (-4.1%), followed by the GD30 (-4%) and the AL30 (-3.3%). Meanwhile, the rise in GD46 (+2.2%) stood out. However, throughout the week they recorded increases of up to 6.3%.
“Traders are evaluating possible arbitrations that could be opened between (the bonds under) NY (New York) and local law,” said a private economist.
So, Argentine country risk fell 0.5% to 2,360 points basic, the lowest level in nine wheels.
Source: Ambito
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