The Buenos Aires stock market rebounds this Wednesday, September 27, and short bearish streak of six consecutive days. This is given by selective position taking in view of attractive values resulting from the seguidilla in negative territory.
He S&P Merval BYMA uploads a 3.4%to 561,475.11 unitsafter six falls in a row. He leading panel operates with majority of increases.
The Actions what else they go up are those of YPF (+5.6%); Southern Gas Carrier (+5.3%); and Pampa Energy (+5.3%). While, the only one that falls is Mirgor (-0.2%).
Meanwhile, in Wall Street, Argentine papers operate with major increases. Those that advance the most are those of Southern Gas Carrier (+3.5%), YPF (+3.1%) and Pampa Energy (+2.6%). Meanwhile, the only ones who go back are those of Telecom (-1%) and Bioceres (-0.1%).
A calmer external outlook for risk investments supports the improvement of the local marketwhich is immersed in a defining political crossroads just weeks before the presidential elections.
“The market rebounds after being hit by the declines in the US market and for the internal uncertainty facing the elections“said a stock trader.
The political and economic doubts short term focus on the elections to be held on October 22, where Javier Mileiwhich proposes dollarizing the economy and eliminating the central bank, leads the polls, leaving behind the Minister of Economy and candidate, Sergio Massa already the center-right leader Patricia Bullrich.
Bonds in dollars and country risk
In it fixed income segmentthe sovereign bonds in dollars operate mixed. Those that rise the most are Bonar 2029 (+1.8%), the Global 2046 (+1.7%) and the Global 2038 (+1.4%). Meanwhile, those that register the greatest losses are the Bonar 2041 (-1.7%) and the Global 2030 (-0.5%).
This Wednesday, the Treasure will tender a bonus combo to face a millionaire expirationconcentrated mainly in the ‘TDS23’, whose possession is estimated almost entirely in private hands. Economy will seek to capture $62.5 billion by bidding for a Lelite to October, two Read (X18E4 and the new X20F4), two Boncer (T6X4 and T4X4) and the dual bonus TDJ24.
In that framework, the risk country from JP Morgan goes up by ninth day in a rowto 2,395 basis points.
Source: Ambito
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