Argentine stocks rose as much as 8% on higher global risk appetite

Argentine stocks rose as much as 8% on higher global risk appetite

The dynamics of Argentine shares both on the local stock market and on Wall Street was positive. Bonds, meanwhile, also showed good dynamics.


He argentine stock market It operated with a majority of increases this Monday, within the framework of a difficult local economic situation, and in a global context in which a greater appetite for risk is observed, due to fewer fears of a recession.

In that context, the leading index S&P Merval it gained 2.4% to 304,395.94 points, after losing 0.3% last week and marking a record high of 307,057.03 units at the end of April. Within the leading panel, the shares that rose the most were: Ternium (+7.1%), Aluar (+6.8%), and Supervielle bank (+6.2%).

“Risk appetite appears to have returned to the markets as last Friday’s US jobs data pushed expectations away. odds of a recession in the world’s leading economy for this year,” said Alexander Londoño of ActivTrades.

After the losses registered last week, “many of the companies in the leading panel are reaching support prices if technical analysis is considered,” said Ayelen Romero of Rava Bursátil.

The Argentine stocks listed on Wall Street they also had a mostly positive trend. The papers that rose the most were Irsa (+8%), Supervielle bank (+7%) and Edenor (+5.5%).

Bonds and country risk

The Argentine bonds in dollars ended with general increases. So the ones that went up the most were the Global 2029 (+3.7%), the Bonar 2041 (+3.3%), and the Global 2035 (+1.6%). The country risk measured by the JP.Morgan bank rose 0.3% to 2,586 units.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts