The S&P Merval goes down for the first time on 8 wheels; a general panel stock jumps 11%

The S&P Merval goes down for the first time on 8 wheels;  a general panel stock jumps 11%

The porter bag braked this tuesday may 30 a streak of seven consecutive advances, due to sales mainly of energy and financial paper, when the market was close to all-time highs in pesos and awaited news about the visit to China by the Minister of Economy, Sergio Massa.

The referential BYMA’s S&P Merval was down 2% at 339,625 unitsafter marking his intraday record in pesos of 349,024.53 points last week.

The actions of the YPF oil company fell 3.6% and those of Grupo Financiero Galicia lost 2.6%.

in the main pane – where non-leading and less liquid companies are listed –the shares of Havanna stood out, which shot up 10.6%.

Meanwhile in the US, yields on 10-year US Treasury bonds fell as investors calmed down after an agreement was reached to raise the debt ceiling and avoid a possible catastrophic default.

Bonds and country risk

In the fixed income segment, bonds denominated in dollars operated with a majority of fallshighlighting the decline in GD29, which sank 6%.

For his part, he JP.Morgan’s country risk rose 0.2% to 2,590 basis points.

Source: Ambito

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