BYMA’s leading S&P Merval index lost 1.7%, after climbing to its intraday record of 97,024.42 points in the first half of the deals. LThe most important drops of the day were recorded by Ternium papers (-5.7%); Central Puerto (-4.3%); and Aluar (-3.5%).
The volume traded in shares it yielded 10%, although it remained above $ 2,000 million ($ 2,161.2 million). It represented only 30% of the total traded in equities, given that the amount traded in Cedears declined: almost $ 5 billion.
Meanwhile, the ADRs of Argentine companies on the New York Stock Exchange closed with the majority of increases, in a day in which the increases in oil companies YPF (+ 5%), and Vista (+ 7%), before a sharp rise in crude oil (+ 3%).
In the case of the former, positive expectations about its balance sheet, which was presented after the market closed, also influenced. In it, it was known that the oil company controlled by the Argentine state earned US $ 237 million during the third quarter of 2021, compared to a loss of US $ 492 million in the previous quarter and a loss of US $ 468 million registered in the third quarter. 2020. The company said, in turn, that the results showed a profit of $ 0.59 per share.
In the case of Miguel Galuccio’s company, for his part, the update of the target price of his shares that he made also weighed Morgan Stanley, which raised its value au $ s12, that is, twice its current price (u $ s6.12).
After eight consecutive rises, the S&P 500 closed in negative territory (-0.4%), mainly dragged down by the fall in financial stocks, after the 10-year bond rate fell 5 basis points to 1.44 %. Another sharp drop for Tesla (this time of 12%) was highlighted after “The Big Short” investor Michael Burry said that the company’s CEO, Elon Musk, might want to sell shares to cover his personal debts.
Country Risk and Bonds
In the fixed income segment, for its part, dollar bonds closed unevenly, with rises led by Global 2038 (+ 2.3%), and falls led by Global 2035 (-1.9%), despite the firm tone it imposed on emerging debt.
In this context, the Country Risk prepared by the bank JP.Morgan bounced 0.9%, to 1,731 basis points, compared to a historical ceiling of 1,747 units reached last week.
In the peso segment, while, CER bonds closed down 0.4%. It is worth remembering that this Thursday the inflation data for October is published. According to the REM of the BCRA, the CPI for the tenth month of the year would be 3.2%.
Meanwhile, the dollar linked sovereign securities yielded up to 0.3%, in a day in which the positions of the dollar in the ROFEX closed down again, due to the intervention of the BCRA.
Source From: Ambito
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