S&P Merval Up 25% in Last Six Wheels; bonds rebound after losing streak

S&P Merval Up 25% in Last Six Wheels;  bonds rebound after losing streak

August 17, 2023 – 15:55

The S&P Merval advances 3.1% and stands at 580,770,680 units, after climbing 22.1% in the previous five rounds.

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The porter bag operates on the rise for sixth consecutive session this Thursday, August 17, where purchases by institutional investors serve as a hedge before a recent devaluation of the peso and the political intrigues that dominate the country due to the context of the electoral race.

In that framework, the S&P Merval advances 3.1% and is located in the 580,770,680 unitsafter climbing 22.1% in the previous five rounds.

In that scenario, the local actions they climb up to 10%led by transenerfollowed by Aluar (+8%) and Transportadora de Gas del Sur (+7.6%). Only fall the papers of Galician Financial Group (3.1%) and BBVA (0.1%).

Meanwhile, the argentinian shares that trade in Wall Street They operate mixed, with increases of up to 3.7% of the papers Southern Gas Transporter and falls of up to 6.4%, as is the case of Take off.

the liberal candidate javier milei was the candidate with the most votes on Sunday in the primaries preparatory for the general election October. That, added to a 22% devaluation The recent trend is encouraging a move into private sector and dollar assets by investors looking for cover.

Bonds and country risk

The Argentine dollar bonds they operate with majorities of increases. The ones that rise the most are bonar 2035 (+5.8%), the Global 2030 (+4.5%) and the bonus 2030 (+4.5%).

Given these data, the risk countrymeasured by JP Morgan bank, operates with a slight go up of 0.1% and is located in the 2,185 points.

Source: Ambito

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