The porteña bag cut a streak of five uploads in a row this Wednesday before profit taking after a series of increases due to hedging, with the market digesting the new regulations on the CCL and MEP dollar that he imposed on Tuesday the National Securities Commission (CNV).
BYMA’s leading S&P Merval Index lost 0.6%, 339,290.63 points, after marking all-time highs in pesos in the previous five business sessions. In the previous session, the Merval marked a historical ceiling level in local currency of 349,024.53 units.
After the market closed, on Tuesday, the CNV announced that it will oblige to keep the funds immobilized for at least 15 days from the moment of acquisition of dollars in the alternative places (CCL – MEP) to acquire other dollarized assets.
“The (local) doubts with new obstacles to access financial dollars and uncertainty about the future of the US economy are the trigger to start taking profits”said a stock trader.
On the other hand, in the external squares The negotiations of the United States Government on the debt ceiling that were prolonged without solution weighed heavily, fueling the general malaise in the markets.
Bonds and country risk
In the fixed income segment, bonds denominated in dollars operated with the majority of increases, thanks to the GD35 (+2%); the GD38 (+1.5%), and the AL41 (+1.1%).
Thus, the country risk measured by JP Morgan it rose 0.2% to 2,593 basis points.
Source: Ambito
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