The shares of the Argentine Stock Market show a mostly positive trend this Thursday and the S&P Merval rises slightly, after the sharp fall of the previous day. Meanwhile, some bonds are recovering ground and country risk is rising.
Bolsas y Mercados Argentinos (BYMA), the local stock market, upload this thursdayafter the sharp fall of the previous day, in a reduced place of operations in the face of growing political and economic doubts in the short term.
The lead panel actions They behave unevenly, although with the majority of increases, led by Central Puerto, with an increase of 2.3%, while some fell to 1.5%. The role that loses the most is that of Pampa Energito, followed by the of YPFwhich falls 1.2%.
The leading index S&P Merval rises 0.3% to 276,775.65 points, after scoring an all-time high of 288,818.20 points this week. “The market sees turbulence ahead, and an increasingly difficult starting point for the next presidential term (for whoever),” Portfolio Personal Inversiones said. This, in a context in which Argentina will hold presidential elections in October so that the next government assumes power on December 10.
And he added that, “in total (the Merval), it has lost 51 points (measured in dollars) in two days, going from 687 to 636 dollars.”
ADRs, with good dynamics
The actions of the Argentine companies listed in New York (Wall Street) show a mixed trend, with increases of up to 2.5%, led by Grupo Financiero Galicia, Banco Macro (+1.7%) and Central Puerto (+1.7%). Meanwhile, the ones that fell the most are Adecoagro (-4.4%), Despegar (-3.3%) and Cresud (-1.14%).
Bonds, with a slight recovery
The bonds They operate with a mixed trend this Thursday, after a strong collapse yesterday, when they lost more than 10%. The one that falls the most this Thursday is the Global 2029 (-3.6%), followed by the Global 2038 (-1.9%) and the AL41 (-1.8%). Meanwhile, those that rise the most are Global 2030 (+4.6%) and Global 2041 (+3.1).
Meanwhile, the risk country it drops 44 points (-1.7%) this Thursday to 2617 points, good news, after yesterday’s strong rise.
Source: Ambito
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