Stocks show a mostly positive trend in the local market this Monday, maintaining the previous dynamics, and bonds in dollars add to that bullish line.
The Argentine stock market operates at rises this Monday, after an initial fall due to accumulated profit taking, in the midst of a calm and selective business operation. This occurs in a context in which world markets await news from the Federal Reserve (FED) this week.
Thus, the leading stock index S&P Merval jumps 0.31% and stands at 383,893.44 pointsafter improving 8.17% last week and recording an intraday all-time high of 388,954.38 units.
The shares climb up to 2.38% in the day. The one that earns the most this Monday is Banco Macro, followed by BBVA, which rises 2.02%, and Pampa Energía (+2.05%). While Telecom shares fell 1.35%, Aluar lost 0.95% and Ternium Argentina fell 0.71%.
What is happening in the Merval
“The Merval rose in the last three months no less than 46% in dollars. It is a vehicle for investors in the face of strong pending increases for inflation and the dollar,” said Fundación Mediterránea in this regard.
And they add that this “also reflects the perception of a private sector that is much better prepared to face the challenges”, since they indicate that the leading companies enjoy external and internal credit that the State lacks.
In the midst of an inflationary escalation that could exceed 130% this year, with committed Central Bank reserves and high public spending, the stock market is seen as an investor haven.
Source: Ambito
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