The roles of the energy and financial sector are on the rise in the midst of a very strong dollarization trend. Analysts highlight the performance of the indexed peso curve.
The dollarization and search for coverage In the pre-electoral context it is deepening day by day and this is being reflected in a strong exit from Common Investment Funds and fixed terms towards assets in dollars. However, the stock is trending upward.
And, as Banco CMF points out, “although The indexed peso curve begins to show very positive real returnselectoral uncertainty calls for dollarization.” In this scenario, local equities, which have fallen almost 14% in September, recover strongly, driven by the improvement registered in stocks with good liquidity, mainly in the segments financial and energy and very much in line with the strong rise registered in the CCL dollar.
In this context, the main indicator of the Buenos Aires stock market, the S&P Merval, operates at the opening with a rise of 2.77% and is located at 605,477.50 points.
Stock dynamics
The shares climb up to more than 5% this Thursday, led by Ternium Argentina (+5.62%), Aluar (4.58%) and BBVA Argentina (+3.73%). While only the role of YPF falls in the main panel, which loses 0.04%.
This is a very slight drop in the stock of the Argentine flag oil company and responds to a global context in which a sharp drop in oil prices affected both global and regional oil companies. “YPF, COME, Vista and Capex were no exception,” highlights a report by Delphos Investments.
Argentine papers on Wall Street
The shares of Argentine companies listed in the United States They are trading mostly down, with some increases. The rise of Telecom Argentina stands out, which climbs 1.85%; Supervielle, which climbs 1.21%, and Edenor, which climbs 1.12%. Meanwhile, Mercado Libre shares collapse, losing 2.31%, Despegar falls 1.33%, Bioceres loses 1.33%.
Source: Ambito
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