The Argentine stock market does not operate this Friday, May 26 due to the long weekend which was declared a bridge holiday to promote tourism. This week saw the arrival of the new CCL and MEP regulations on the dollar imposed by the National Securities Commission (CNV).
However, yes it operates wall streetwhere ADRs trade with the majority of increases while sovereign debt registers slight decreases.
This comes as the New York Stock Exchange is trading slightly higher with the market oscillating between hope for a US debt deal and new inflation data. In early trading, the industrial index The Dow Jones was up 0.16%, the technology stock Nasdaq was up 0.30% and the S&P 500 was up 0.22%.
Argentine stocks on Wall Street
In that context, the Argentine stocks listed on Wall Street rise mostly up to 6.6% from the hand of Despegar that the previous day climbed up to 11.9%. Those that follow among the best, Grupo Supervielle (+3.3%) and YPF (+2.1%).
Despegar’s strong rally is due, as Ámbito learned, to the fact that the company’s earnings in the first four-month period were very good compared to previous ones.
This is how it informs Leonardo Svirsky, an operator with a long history in the market, who points out that “its income increased by 41% in the first four months of the year” and that led to some buy recommendations today, for example, by Itaú and Citi.
country risk
While, country riskwhich moves based on the dynamics that Argentine bonds are acquiring in the different markets (local and international) and operates around 2,590 basis points.
Source: Ambito
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