The S&P Merval clears initial rise and falls almost 3% before the elections

The S&P Merval clears initial rise and falls almost 3% before the elections

BYMA’s leading S&P Merval index asked for 2.8%, at 93,236 units, after a 0.9% rise the day before and after marking an intraday historical maximum level of 97,024.42 points this week.

The main reference of the Buenos Aires market accumulates an increase of 82% so far this year.

Bonds and Country Risk

In fixed income, the main bonds in dollars operated with the majority of losses, mainly among the bonares, which yielded up to 0.8%.

For its part, the Argentine Country Risk fell 0.1% to 1,751 points, from its highest level since the debt swap with private companies in September 2020.

In turn, bonds in pesos adjusted by CER rose to 0.9% after it was known that retail prices rose 3.5% in October (more than expected by the market), with which they accumulated a 41.8% increase so far this year and a year-on-year increase of 52.1%.

Source From: Ambito

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