S&P Merval on the rise: shares fly and climb up to 6%

S&P Merval on the rise: shares fly and climb up to 6%

The Argentine stock market operates upwards this Thursday, September 28, due to a buying wave on highly liquid assets and in the context of times of notorious investment prudence due to the imminent presidential elections, which will be held on October 22.

The index S&P Merval Buenos Aires rises 2.6%, to 571,535 units, after gaining 2.5% in the previous session.

Local stock gains are led by BBVA (6%), followed by Central Port (+5.9%), Cresud and Transener (+4.3%).

The unknown about the name of the future president of the southern country, given the parity that the August primaries showed, triggers uncertainty in the financial markets due to the distant economic proposals of the candidates with the greatest chances of victory.

Meanwhile, Argentine actions in Wall Street They also rose up to 4.7%, led by Central Portfollowed by BBVA (+3.3%), IRSA (+2.5%), Cresud (+2.1%) and Macro Bank (+1.6%).

Bonds in dollars and country risk

In it fixed income segmentthe sovereign bonds in dollars They sank to 8.5%. Those who the more they fall are the Global 2046 (-8.5%), the Global 2038 (-1.7%) and the Global 2041 (-1.6%). Meanwhile, the only ones who registered low were the Bonar 2035 (+2.7%) and the Global 2029(+1.5%).

In that framework, the risk country from JP Morgan went up by ninth day in a rowuntil the 2,399 basis points.

Source: Ambito

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