The stock index advanced 2.4%, to 551,027.60 units, after improving 4.7% last Tuesday and falling 24.8% in the previous nine sessions.
The Buenos Aires stock market rises this Wednesday, September 13, and marks its second upload to the thread after breaking negative streak of nine days in a row. This happens in a scenario of portfolio recompositions waiting for the August inflation dataat times when the coverage shots and dollarizations of portfolios to weeks of an uncertain presidential election.
He S&P Merval by BYMA advances 2.4%until 551,027.60 unitsafter improving a 4.7% last Tuesday and fall a 24.8% in the nine sessions previous. Furthermore, the stock index comes from uploading a 43% in August.
Local stocks operate entirely on the rise. In this framework, in the leading panel those that register the greatest gains are those of Supervielle Group (+4.9%), Cresud (+4.4%), and Aluar (+4.1%).
For their part, on Wall Street, the Argentine papers operate with majority of increases. Those that advance the most are those of Southern Gas Carrier (+4.1%), YPF (+3.1%) and Pampa Energy (+3.1%). Meanwhile, the only ones who fall are those of Take off (-1.4%) and Free market (-1%), Black Hill (-0.7%).
“Stocks with ‘Adrs’ are preferred for rebalancing hedge portfolios”said one stock trader, noting that “the ‘electoral trade’ “is in force in the face of an uncertain outcome.”
Bonds and country risk
Dollar bonds operate with majority of casualtiesheaded by Global 2041 (-6.3%), followed by Bonar 2041 (-1.5%) and Bonar 2048 (-1.2%). Meanwhile, those who register the greatest profits are the Global 2029 (+4.4%), Global 2046 (+3.3%).
For his part, the risk country-measured by JPMorgan- is located in the 2,161 basis points.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
