The actions of the leading panel show good dynamics in the Argentine stock market in a context of seeking coverage. The ADRs are also rising and the country risk is close to its maximum of a week ago.
He S&P Merval accumulated a rise of almost 10% in three days, while the country risk cuts with an upward streak. This happens while the Government advances in talks with the International Monetary Fund (IMF) to renegotiate current goals and advance disbursements of the agreement for US$44,000 million.
The S&P Merval improved 1.11% to 307,773.27 points and this day reached an intraday record high of 310,950.54 units. In this way the stock leader accumulates a rise of 9.2% in the last three sessions. On this day, energy and financial actions led the market trend.
Thus, the main increases were for Aluar (+6.7%), Transportadora de Gas del Norte (+4.7%), and Ternium (+2.5%). So far this month the main increases are for Transportadora de Gas del Sur (+8%), Transportadora de Gas del Norte (+6.4%), and Transener (+6.2%).
For their part, the shares of Argentine companies listed on Wall Street they operated with a mostly positive trend, led by Pampa Energía (+4.11), Banco Macro (+3.51%) and Central Puerto (+3.34%). Those that fell are those of Despegar.com (-2.71%), MercadoLibre (-2.64%), Edenor (-2.11%) and Grupo Supervielle (-0.22%).
Bonds and country risk
It Argentine dollar bonds show bearish majority this Tuesday, with falls of up to 2.6%, such is the case of the Global 2046, followed by the AE38 (-1.8%) and the Global 2035 and 2038, which both fell 0.9%. The country risk rises 0.54% in this context to settle at 2,591 units and thus closes to 2,600 points, a mark that it had exceeded exactly one week ago.
Source: Ambito
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