The Buenos Aires stock market begins the week on the rise due to persistent hedging in the face of high inflation and a disputed presidential election that is approaching.
The porter bag starts the week on the rise due to persistent hedging against the high inflation and a disputed presidential election that is approaching, after the recalibration of goals of the International Monetary Fund (IMF) that allowed the disbursement of US$7.500 million and the new economic announcements.
In this context, the S&P Merval rises 3.2% to 651,664.77 units, after touching a new all-time high in pesos of 643,281.17 points in the first negotiations. The Merval advanced a strong 8.02% the previous week.
In this framework, the Argentine papers Those listed on Wall Street rose to 3.2% led by financial shares such as Banco Superville and Banco Macro (3%), followed by Pampa Energía (2.7%) and Telecom Argentina (2.4%).
Bonds and country risk
In the fixed income segment, hard currency titles operate with the majority of declines of up to 3% from Bonar 2035, followed by Global 2041 (-1.1%) and Bonar 2030 (-0.5%). The increases of up to 1.5% belong to Bonar 2029 and Global 2029 (1.3%). A few days after closing the month, the bonds have been performing positively with increases of 9%.
Thus, the country risk rises 0.39% to 2,058 basis points.
Source: Ambito
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