The argentinian bag finally managed to finish the rising day. In the general panel, a stock that flew more than 18% stood out. Meanwhile, bonds in dollars recorded the majority of increases while Bonar 2030 posted strong volume. This happened to waiting for the inflation data for May, and given the uncertain reality generated by the electoral context.
Thus, in the segment of fixed rentbonds denominated in dollars closed with major increases of up to 5.5% (Global 2029). followed by the Bonar 2041 (+2.5%), and the Bonar 2035 (+2.3%). He bonus 2030for its part, recorded a volume of $37.3 billion.
Operators consulted by Ambit confirmed that, at the end of the day, an important sell order was registeredpossibly executed by the Government with the aim of calm the price of stock exchange rates. For his part, he risk country it was located at 2,311 points.
Shares and ADRs
For his part, the S&P Merval rose 0.1% to 381,896.140 basis points. In the leading panel, the main increases were for the financial sector thanks to Galicia Financial Group (+4.5%), Supervielle bank (+4%), Macro bank (+3.3%), and BBVA bank (+1.4%).
In the general panel, Agrometal climbed 18.4%. Operators confirmed that behind the rise is the request of Argentine companies, through the Argentine Chamber of Agricultural Machinery Manufacturers (CAFMA)so that a new legislation is approved through which recognize as Argentine the agricultural equipment they have, at least 50% of components manufactured in the country.
The project of Agricultural Machinery Law is currently in the Industry Commissionwhich is chaired by Deputy Marcelo Casaretto, then has to go through Agriculture, which is chaired by Ricardo Buryaile, and later by Budget, which is chaired by Carlos Heller.
As to ADRs closed mixed. The main increases were for Grupo Financiero Galicia (+4%), and Grupo Supervielle (+3.1%). As for the declines, they were led by Telecom (-3.5%), and Edenor (-4.2%).
Source: Ambito
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