Stocks show a slight recovery and the S&P Merval rises slightly. While the bonds continue to fall as in the previous day.
The argentinian stock market rises slightly this Thursday for taking positions on well-liquid stocks in a square attentive to the development of the country’s negotiations with the International Monetary Fund (IMF) to reschedule goals and upcoming disbursements.
Learn more.- Markets: S&P Merval bounces; ADRs operate downward and country risk falls
After a previous negative day, in which almost all the shares in the leading panel fell, this Thursday, there is a incipient recovery of papers, which rose, for the most part, up to 1.8%, led by Comercial del Plata, and Transportadora de Gas del Norte Transportadora de Gas del Norte (1.77%) and Banco Macro, which climbed 1.7%. While those that fell the most are BBVA (-1.17%), Mirgor (-0.83%) and Edenor (-0.75%).
The leading index S&P Merval of Buenos Aires improves 0.05% to 453,943,110 unitsafter falling 0.8% the day before and marking a record high of 464,668.26 points this week.
“As the market continues to trade with attention to how face-to-face meetings of the technical teams with the IMF in Washington unfold,” the SBS Group said.
Argentine shares on Wall Street have a bullish majority this Thursday, in a market that falls up to 1.25%. The ADRs that fell the most are those of Mercado Libre, in line with the fall observed in the Nasdaq, dragged down by Netflix. The Supervielle share also fell 0.65% and YPF lost 0.46%. Those that rise the most are Cresud (+2.53%) and Grupo Financiero Galicia gains 1.11%.
Bonds and country risk
Argentine bonds in dollars show a downward trend of up to 2% this Thursday. The one that falls the most is the AL30, followed by the Global 2030, which loses 1.9%. The country risk falls this Thursday 3 points (-0.15%) to 2,061 points.
Source: Ambito
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