In this context, BYMA’s S&P Merval remains almost stable with a rise of 0.2% at 636,315.69 units. For their part, bonds rise to 2%.
The bouncing porter bag this Monday, September 4 after three falls, while the dollar bonds they drop up to 2% on a day with little activity due to the Labor Day holiday in the United States.
In that context, the S&P Merval by BYMA it remains almost stable with a rise of 0.2% in the 636,315.69 units. The stock index comes from winning 43% in August and mark a intraday historical maximum level in pesos of 690,781.66 points Last Tuesday.
Within this framework, local shares operate with majorities of increases of up to 1.5%, led by edenorfollowed by Pampa Energía (+1.3%); Southern Gas Transporter (+1.1%). Meanwhile, the most substantial casualties were led by YPF (-0.9%), central port (-0.7%), and Commercial Society of Silver (-0.7%).
For their part, the Argentine papers on Wall Street They do not operate this Monday due to the Labor Day holiday in the United States.
All this happened in the middle of a process of portfolio dollarization that continues to put pressure on the peso in the parallel dollar marketsin an uncertain political and economic panorama facing the general elections after knowing the result of the definitive scrutiny of the PASOwhich brought the three winning forces closer and made the scenario more complex for local investors.
Meanwhile, on the international scene, the US employment datawhich was better than expected, but increased the unemploymentand investors in Wall Street they see a new rate hike by the Federal Reserve (Fed) less likely.
Bonds and country risk
In that context, the sovereign dollar bonds fall except for GD46D which rises 3.1%. The biggest losses are from Overall 2029 (-1.9%), the Global 2041 (-1.7%) and the bonar 2041 (-1.7%).
In that framework, the risk country Argentina, measured by the JP Morgan bank, does not operate this Monday due to the holiday, but on Friday it closed at 2,085 units.
Source: Ambito
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