The porter’s bag accumulated a rise of almost 10% in three days, while the country risk ended 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%).
“It was a positive day for the local market. First of all, Global bonds rebounded from their bad start to the week by closing in the green. These instruments reflected increases between 1.4% and 2.4%. Following the same current, the Merval in dollars gained 1.34% to end the round with a price of US$679,” they summarized from PPI.
For their part, the shares of Argentine companies listed on Wall Street operated with a mostly positive trend, led by Central Port (+3.2%), Transportadora de Gas del Sur (+2.5%), and Macro Bank (+2.5%). The ones that fell the most were those of Mercado Libre (-2.8%), Bioceres (-2.4%), and Edenor (-1.9%).
Bonds and country risk
It Argentine bonds in dollars closed with the majority of increases. The main increases were for the Global 2038 (+3.9%), and the Bonar 2041 (+2.5%). The casualties were led by Global 2041 (-0.8%). The country risk fell 2.6% to settle at 2,518 units, the lowest since April 17.
“After the latest regulatory changes (to discourage alt dollars), the dollar debt segment appears somewhat anesthetizedbut soon it will surely cease to be with the end of the term for the presentation of the list of pre-candidates”, estimated the StoneX brokerage.
Meanwhile, in the peso segment, The dollar-linked closed without variations and concentrated the volume in Q2V3, while the Duals averaged gains of 0.3%. Finally, the CER segment operated unevenly: the short tranche of Leceres rose 0.1%, the medium tranche of Bonceres fell 0.2% while the long tranche gained 0.3%, reported Grupo SBS.
Source: Ambito
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