The porter bag It operates almost stable this Friday, August 25, after cutting a bullish rally of nine rises in a row, while the Actions of the leading panel rise up to 2% pushed by the banks. On the other hand, the ADRs deepen fall and the dollar-denominated bonds They go up, but one collapses 5%.
He Central Bank (BCRA) provided that entities authorized to operate in the foreign exchange market must channel all their operations through the electronic system SIOPEL to improve control over the operations of agencies and exchange houses.
In this context, the benchmark S&P Merval of Argentine Stock Exchanges and Markets (BYMA) rises 0.2% to 614,441,970 basic points, after breaking on Thursday with a positive streak of nine days with profits.
Thus, the shares of the leading panel rise up to 2% pushed by the banks: BBVA (+1.9%); Supervielle Bank (+1.7%) and Grupo Financiero Galicia (+1.3%). On the other hand, the biggest drops of the day are from Telecom (-2.1%); Pampa Energía (-1.8%) and Banco Macro (-1.4%).
“The lack of reserves and an acceleration of the inflation that as of August it could settle above 12% per month, the attempts to anchor expectations are ephemeral,” said the Mediterranean Foundation.
“Efforts were made to do so by ensuring that the official exchange ratenow at 350 pesos (…), but, at the fastest pace of the inflationhe dollar It will arrive in early October with a delay similar to that of July. So next time devaluation It will happen in a context in which a 22% jump in the exchange rate will be insufficient for the market, as occurred on August 14,” he estimated.
ADRs deepen fall
In Wall Street, the shares of Argentine companies fell to 1.9%. The most notable casualties are for Loma Negra (-1.9%), Pampa Energía (-1.9%) and IRSA (-1.5%) while the increases are driven by the four Argentine banks that rise to 2.6%, led by BBVA, followed by Galicia Financial Group (+1.3%) Banco Supervielle (+0.4%) and Banco Macro (+0.3%).
Bonds and Country Risk
In the fixed income segment, the dollar-denominated bonds they operate mixed. The steepest declines are those of the GD29 (-5%), and GD41 and GD46 (-1.4%). The biggest increases are from AL29 (+1.6%), and GD35 (+1.4%).
Meanwhile, the risk countrymeasured by the JP Morgan bank, fell 23 basis points to 2,047 units.
Source: Ambito
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