The stock index rises 1%, to 558,613.34 units. In this framework, the leading panel operates with a majority of casualties.
The Buenos Aires stock market falls this Wednesday, October 4, and short previous rise. Meanwhile, the risk country write down 14 consecutive increases faced with a new fall in dollar bondsthat they still can’t find a flat. This happens within the framework of a constant process of portfolio dollarizations by way of guard of investments in the face of the growing doubts generated by the upcoming presidential election.
He S&P Merval by BYMA goes up a 1%to 558,613.34 units. In that framework, the leading panel operates with majority of casualties. The Actions that advanced the most were those of YPF (-2.9%), Central Port (-1.7%) and Silver Commercial Society (-1.6%). It should be noted that This index lost almost 14% in September, after a strong 43% gain in August.
Meanwhile, in Wall Streetthe Argentine papers register most falls. Those who marked greater losses are those of YPF (-3.6%), Telecom (-2.1%), and Galicia Financial Group (-2.1%).
“With a more cautious external climate in the background, which is combined with a context of growing local uncertainty, it is that domestic assets have no choice but to continue weakness“said the economist Gustavo Ber.
The political and economic doubts short term they focus on the elections that will be held on October 22where 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 they go down strongly. Those who lose the most are Global 2029 (-7.3%), the Bonar 2035 (-5.9%) and the Bonar 2029 (-5.7%).
In that framework, the risk country of JP Morgan registers 14 consecutive increases and reaches the 2,646 basis points.
Source: Ambito
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