The porter’s bag goes up this Tuesday, August 22, and register your eighth day of progress in the thread. This happens, despite the profit taking which takes place by strong cumulative rise in the last wheels, after the results of the primary elections.
In that framework, the S&P Merval BYMA scales 0.5% and is located in the 587,151.31 unitsafter the inactivity on Monday for a national holiday.
However, within this framework, the local actions they operated with majorities of losses but which are milder than the registered increases. The papers that drop the most are those of Northern Gas Transporter (-2.1%), mirgor (-1.9%) and black hill (-1.8%). While those who register the highest profits are those of Pampa Energy (+3%), Aluar (+1.8%) and Galician Financial Group (+1.3%).
For their part, the argentinian shares that trade in Wall Street operate with majorities of raisesled by those of Pampa Energythat climbs 5%followed by those of Southern Gas Transporter (+4.8%) and IRSA (+3.8%). Meanwhile, the only one that falls is that of edenor (-1.3%).
Bullish streak of the S&P Merval: in what context does it happen?
The ultraliberal candidate javier milei he was the most elected candidate in the recent presidential primaries, preparatory to the October general election.
In this context, on the day after the elections, the Central Bank (BCRA) raised the official exchange rate to $350 until the October 22when the next election day will take place.
The aforementioned candidate, who carries as a flag the dollarization of the economy and the removal of the Central Bankmet last Friday with representatives of the International Monetary Fund (IMF) to explain his political platform.
On the other hand, the Minister of Economy, Sergio Massatraveled last Monday to washington to close a agreement with the IMFwhich would allow obtaining a disbursement of fresh money to give some peace of mind to the markets.
Argentina reached in July a agreement with the Fund to unlock disbursements for US$7.5 billionsubject to the board approval at the meeting of August 23rd.
Bonds and country risk
For their part, the Argentine dollar bonds operate with majorities of increases, headed by the bonar 2035 (+6.1%), followed by the Overall 2029 (+2.9%) and the Global 2041 (+2.7%).
For his part, he risk countrymeasured by JP Morgan bank, falls off a 0.4%until the 2,103.00 points. In this way, accumulate a streak of four low wheels in line.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
