He stock market Argentina maintains the rate of rise of the five previous sessions this Friday and reaches another all-time high for renewed investor purchaseswhich cover their portfolios in assets protected from inflation and devaluation that plague the country’s economy.
The expectation is that the Consumer Price Index (CPI) of Argentina will be around 7.5% in April, below the level of March, which was 7.7%, but still at high values, which would keep the year-on-year rate of change above 100%, according to the median of a Reuters poll.
Thus, in the hours before the official inflation data for April is known, which will be published this Friday, the leading S&P Merval Buenos Aires index increases 1.25%, to the intraday record of 317,211,920 points, after climbing 11.2% in the previous five sessions.
The dynamics of local roles
The actions of the leading panel operate with a positive majority, led by Transportadora de Gas del Sur (+5.37%), Loma Negra (+4%) and Pampa Energía (+2.58%). While only the shares of Mirgor (-1.80%), Comercial del Plata (-0.50%) and BYMA (-0.29%) fell.
The action of Argentine oil company YPFcontrolled by the State, rises 0.83%, after announcing late Thursday an increase in its net profit to u$s341 million in the first quarter, marking a rise of 27.7% compared to the same period last year. 2022.
Argentine stocks on Wall Street
On Wall Street, Argentine stocks also show a bullish majority this Friday, with increases of up to 5.43%, led by Loma Negra, Bioceres (+4.68%) and Transportador de Gas del Sur (+4.38%). Meanwhile, those of Despegar.com (-2.83%), Mercado Libre (-1.50%), Edenor (-1.23%) and YPF (0.77%) fell.
Bonds and country risk
Argentine bonds in dollars also have a bullish predominance and show increases of up to 2.7%. The one that scaled the most is the AL29, followed by the AL30 (+2.5%) and the Global 2014 (+1.2%). While only Global 2038 (-3.5%), Global 2046 (-1.9%) and AL35 (-0.5%) show the greatest losses.
The country risk, meanwhile, fell slightly this Friday by 0.08%, to 2,521 points.
Source: Ambito
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