The Argentine stock market did 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 opened wall streetwhere ADRs closed with the majority of increases while the sovereign debt closed mixed, without too many shocks.
This happened while the New York stock market rose strongly assuming that Congress reaches an agreement on the debt of the United States. Thus, the industrial index The Dow Jones gained 1%, the Nasdaq, a technology stock, rose 2.2% and the S&P 500 advanced 1.3%.
Argentine stocks on Wall Street
In that context, the Argentine shares listed on Wall Street had the majority of rises up to 3.3% in the hands of Telecom. For its part, Despegar rose 2.5%, which was added to the previous day where it climbed to 11.9%. Those that followed among the best were Free market (+2.6%) and Grupo Superville (+1.6%).
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 he reported it Leonardo Svirsky, an operator with a long history in the market, who pointed out that “its income increased by 41% in the first quarter of the year” and that led to some buy recommendations on Thursday, 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 was 2,584 basis points.
Source: Ambito
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