The S&P Merval continues its upward trend this Friday, June 2, after scoring the biggest daily rise in almost a month the day before.
ANDl S&P Merval de Bolsas y Mercados Argentinos (BYMA) continues this Friday, June 2 with its uptrendafter recording on the first day of the month the biggest daily rise since May 5. The leading stock index of the Buenos Aires stock market climbs 1.1% and is located in the 357,292,870 points.
Learn more – Follow the price of the blue, official, CCL and MEP dollar in Argentina
The stocks that make up the index they operate mostly in greenonly with slight falls for Southern Gas Transporter SA (0.33%); edenor (0.26%) and central port (0.62%). The biggest increases are held by the cement company Loma black (1.46%); Byma (1.42%) and Argentine Aluminum SA (1.43%).
On Wall Street, whileArgentine ADRs record a good day since the trend is upward with the exception of Free market which presents a variation of -1.04%. The most relevant promotions are for: YPF (3.5%); Bioceres Crop (3.4%); and Take off (2.6%).
The good day presented so far by Argentine assets, with the exception of dollar-denominated bondsis explained by the news that came from China about the expansion of the currency swap to strengthen the central bank’s reserves and progress in negotiations with the International Monetary Fund to modify targets and speed up disbursements.
Bonds and Country Risk
In the fixed income segment, dollar-denominated bonds operate with volatility and prevails the negative trend with raises for him AL29D (1.7%) and a pronounced drop for the GD35D (2%). For his part, he Country risk falls 1.1% up to 2,591 points compared to Thursday’s measurement which was at 2,620 bp
Source: Ambito
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