The porteña stock market rises by third day in a row this Tuesday, August 29, before new stock purchases as a hedge facing a difficult economic situation a few months before an uncertain presidential election.
In that context, the S&P Merval of BYMA deepens its bullish streak when climbing a 3%to 685,312.80 unitsafter scoring a level intraday all-time high of 669,589.51 points in the first annotations and shooting up 5.4% last Monday.
Thus, local stocks operate entirely in positive territory and those registering the greatest increases are those of Northern Gas Transporter (+6%), edenor (+4.5%) and Telecom (+4.2%).
He Mervalwhich is located in about 845 points measured in dollarsaccumulates so far in August a strong rise of 48.5%.
“The average value 2011/2023 of the Merval in dollars constants was located in a cable car 30% below early 2011when the traps were not yet used as an instrument of economic policy”, they affirmed from the Mediterranean Foundation.
In addition, they added that “these days, the value of the Merval in dollars is far from discounting a scenario of coming out of stagflation“.
For his part, in Wall Streetthe papers of Argentine companies climb up to 5%, as is the case of Free market. The next ones that rise the most are those of Telecom (+2.4%) and Macro Bank (+2.1%). Meanwhile, the only ones who fall are those of central port (-1.6%) and IRSA (-0.5%).
Bonds and country risk
In the fixed income segment, the dollar bonds they operate mixed, with low from up to 2.8%as is the case of Global 2035. While those who rise the most bonar 2029 and bonus 2030 that advance a 0.9%.
In that framework, the risk countryprepared by JP Morgan bank, scale 7 basic pointsto 2,048 unitsfacing a level all-time high of 2,976 units Registered just over a year ago.
Source: Ambito
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