The S&P Merval added its fifth upward session; an ADR flew almost 6%

The Buenos Aires bag added its fifth upload to the thread 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). Meanwhile, on Wall Street, a stock rose nearly 6%.

Thus, the leading BYMA S&P Merval index improved 0.3%, to a provisional close of 341,669.30 pointsafter taking intraday profits and accumulating a string of five consecutive sessions breaking all-time highs. The Merval marked a record level of 349,024.53 units the day before.

Thus, in the leading panel, the main increases were for Transportadora de Gas del Sur (+2.2%), Grupo Financiero Galicia (+2%) and Edenor (+1.6%).

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. In this context, the three main indices on Wall Street fell to 0.8%.

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.