He S&P Merval from BArgentine markets and markets (BYMA) trades higher this Thursday June, 15 through renewed purchases on highly liquid papers How do I protect the i?inflation and devaluationwhile the Government renegotiates the agreement with the International Monetary Fund.
In this way, the leading index from the Buenos Aires square rises 3% to 387,447.91 points close to his intraday record of 388,954.38 units (in pesos) achieved during the past week.
The good performance of Argentine assets occurs in the middle of the inflation data corresponding to the Month of Maywhich showed that retail prices rose 7.8% in the fifth month of 2023, a lower figure than expected by analysts. In this context, the increase in the Consumer Price Index (CPI) during the course of the year it was 42.2% and jumped to 114.2% in the last 12 months.
In the international context, the operators pointed out that the stability in the rates by the Federal Reserve should boost demand in the emerging marketsLike the Argentine.
Actions
The actions operate in green with increases up to 4.3% for Southern Gas Transporter; Argentine Stock Exchanges and Markets (BYMA) rises 4.3%; 3.4% for Grupo Financiero Galicia and the 2.1% for ethe BBVA Bank.
BYMA shares on Wall Street
Argentine ADRs in New York They also operate with a positive trend. The performance of YPF with 5.2%; Macro bench with 3.5% and Transportadora de Gas del Sur with 2.8% cresud recorded a slight drop close to 0.5%
Bonds and country risk
in the segment of fixed rent, dollar-denominated bonds operate with a green wave. The main increases are for the AE38D with 1.9%the AL41D posted 1.8% and the GD30 falls 0.8%as well as the AL35D that does it at 0.6%.
Meanwhile, the risk country continues to rise to 2,339, after closing on Wednesday at 2,333 basis points, which configures an increase in the day of 0.26 bp
Source: Ambito
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