The Argentine stock market opened higher this Friday, September 8, after opportunity purchases that helped cut a seven-wheeled bearish streak with sharp falls, amid the uncertainty generated by the political and economic scenario.
The leading index S&P Merval of Argentine Stock Market and Markets (BYMA) rebounds 2.5%, to 561,849.40 units, after dragging a collapse of 19.83% since the close on Tuesday of the previous week.
The stock benchmark recently noted its intraday historical high level at 690,781.66 points, in an August that closed with a firm rise of 43%.
Local shares and ADRs
In this framework, the local actions they climb up to 6.7% led by transenerfollowed by BBVA (+5.3%), Aluar (+4.9%) and Macro Bank (+4.1%). At the moment, no paper is experiencing declines.
For their part, the ADRs rise up to 4.4% led by IRSA and they follow him Telecom (+4%) and Galician Financial Group (+23%). Meanwhile, the falls belong to Pampa Energy (-0.2%) and Cresud (-0.1).
Savers evaluate their businesses in light of the October presidential electionwith portfolio dollarizationwhile the high inflation three digits and one peso devaluation of 20%.
Bonds and country risk
In the fixed income segment, Argentine bonds nominated in dollars They operate mixed with increases of up to 4.6%, led by Global 2035 (+4.6%)followed by the Global 2041 (+3.5%) and the Bonar 2041 (+2.7%). While the main falls belong to the Global 2030 (-3.8%), Bonar 2030 (-3.6%) and the Bonar 2038 (-1.7%).
Meanwhile, the risk country what does it measure JP Morgan falls 1.2% and is located in the 2113 points. After the United States Justice ruled against Argentina in the case for the expropriation of the oil company YPF on Thursday and sentenced it to pay interest of 8%. For the moment, the Government said that it will appeal the court ruling.
Source: Ambito
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