The dynamics of the shares of the leading panel on the local stock market is negative, with falls of up to 5%, as are the shares of Argentine companies in New York, which are also all down.
The argentinian stock market It is operating lower this Tuesday due to short-term profit taking, after a Monday without activity due to the Labor Day holiday. This is in line with the trend of foreign markets, although the local market is marked by prudence in the face of the complexity of the macroeconomy. May begins on the wrong foot, after a positive April.
This occurs, on the other hand, in a day in which the prices of financial dollars fall, after the implementation of new measures for the operation of the MEP and the Cash with Liquidation (CCL) that provided that operators must deposit the cash to trade in those markets and can no longer be used papers and guarantees to access those markets.
This is how May begins, after an April in which investors who bet on the shares were the ones who were best able to overcome the exchange turbulence by registering gains of 13% in real terms over inflation and almost 6% in dollars, according to the consultancy GMA Capital. . “April left its mark as the most turbulent month so far in 2023. The recent escalation of financial dollars made a dent in the yields of Argentine assets”, they said.
The dynamics of actions in Argentina and abroad
In that context, the S&P Merval Buenos Aires index fell 1.9%, to 292,313.52 pointsafter recording its all-time high of 307,057.03 units last Thursday and climbing 21.26% in April, standing out among risk investments.
The shares of the leading panel fell up to 5% this Tuesday, led by those of Supervielle and BBVA (-4.42%), while only those of Trenium (+0.14%) and Edenor (+0.42%) rose ).
The papers of the Argentine shares listed on the New York Stock Exchange are all down this Tuesday, led by Adecoagro (-3.71%); Bioceres (-3.36%) and Central Puerto (-3.2%).
Bonds and country risk
Argentine bonds in dollars rise mostly to 3.5%, with the Global 2030 in the lead, followed by the Global 2045 (+2%) and the AL30 (+1.4%). While the AL29 (-2.2%), the Global 2035 (-1.4%), the Global 2038 (-0.3%) and the AL31 (-0.2%) fell. The country risk falls 184 units this Tuesday to 2,364 points.
Source: Ambito
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