BYMA’s leading S&P Merval index it gained a firm 3.4%, to 96,044.88 units as a provisional close, after marking an intraday historical maximum value of 96,138.23 points minutes before the last deals.
The most relevant rises of the day were recorded by the papers of Cablevisión (+ 12%); Comercial del Plata (+ 11.7%); and Central Puerto (+ 7.7%).
Stocks, unlike bonds, are in demand for rapid liquidity coverage in favor of dollars to be transferred abroad, which is why it has been a star market in recent weeks, traders explained.
Meanwhile, the ADRs of Argentine companies on the New York Stock Exchange marked the majority of gains, in a day in which Supervielle led that lot with an increase of 5%.
Argentines will go to the polls on November 14 to renew 50% of the Chamber of Deputies and a third of that of Senators, amid escalating inflation, high monetary issues and slow negotiations with the IMF.
Country Risk and Bonds
In the fixed income segment, for their part, dollar bonds were balanced, and the Country Risk prepared by the JP.Morgan bank fell 10 units, to 1,716 basis points, compared to a historical high of 1,747 units reached last week .
Source From: Ambito
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