In the stock market, the S&P Merval stock index fell 3.2%, to 275,405.88 units, after marking a maximum historical intraday value of 288,718.20 points in the previous session.
The Buenos Aires stock market, bonds and shares of Argentine companies listed on Wall Street ended in decline amid the political noise that led to the resignation of presidential adviser Antonio Aracre, in addition to concern about rising inflation, the fall in reserves and the rise in exchange rates. This day, the debt in dollars sank to 12% due to the possible official intervention in the sale of assets in order to reduce the price of the CCL dollar.
in the stock market, the S&P Merval stock index fell 3.2% to 275,405.88 unitsafter marking in the previous round a maximum historical intraday value of 288,718.20 points and accumulating a string of eight consecutive sessions on the rise. In the leading panel, the main falls were for Banco Macro (-6.2%), Telecom (-5.4%), and Transportadora de Gas del Sur (-4.7%).
“The Buenos Aires stock market closed lower on Wednesday, before foreseeable profit-taking after accumulating a string of eight consecutive sessions on the rise and in the midst of a financial market convulsed by political noise and the rise of parallel dollars“operators said.
On Wall Street, the shares of Argentine companies also traded with a majority of losses. The worst performances were for Telecom (-8.5%), Banco Macro (-8.5%), and Banco Supervielle (-7.9%).
“Macroeconomic and political instability and an unfavorable international climate caused the main local assets to fall. Regarding equities, the Merval in dollars ended the day at 641 points, losing 3.4% of its value with the entire panel in the field of losses. On screens abroad, the ADRs reflected decreases that reached 8%,” they explained in their report from Porfolio Personal Inversiones.
In turn, this day there were no soybean agricultural dollar operations, which represents an unprecedented event in relation to the two previous editions. “What happened? According to a CIARA statement, the marketing of the oilseed is delayed both by weather conditions (are they referring to the fact that the gross harvest is delayed due to the severe drought?) and by the strike in the country’s ports “, they expanded from PPI.
Source: Ambito
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