The Argentine stock market quotes at drops this Monday, November 13 after the presidential debate between Sergio Massa and Javier Milei, which according to the consensus of analysts The current Minister of Economy and official candidate won, who had been losing in most of the polls. Its performance last night could imply a change in that direction and the downward trend responds to speculative sales facing the runoff which will take place next Sunday.
The actions of the leading panel of Argentine Stock Exchanges and Markets (BYMA) lose up to 7%, led by Aluar (-7%), Ternium (-5.75%) and Transportadora de Gas del Norte (-5.55%). Meanwhile, those that rose the most are Mirgor (+2.98%), Transportadora de Gas del Sur (+2.04%) and Byma (+1.01%).
The leading index S&P Merval of Buenos Aires falls 1.66%, to 647,788.23 units, after rising 5.81% on Friday and accumulating a gain of 3.61% last week.
On the other hand, the blue dollar falls $15 this Monday after the runoff. “The proximity to the elections is always a cause for nervousness, this time exacerbated by the great differences in positions and the virtual tie of votes. Then reality will dictate taking concrete measures, the perspective of which is now buried behind the electoral promises and the ideological fanaticism,” said VatNet Financial Research.
“Is difficult to quantify the impact of these debates on public opinion and, lately, in voting intention. In our opinion, it does not seem to have much weight. The polls continue to be divided,” says a report from Banco CMF and they point out that nothing has been said and the ruling party will do everything possible so that this last week no variable gets out of control, to reach the runoff as fully as possible.
Argentine shares on Wall Street
The papers of Argentine companies listed on the New York Stock Exchange They are mostly down this Monday, with falls of up to 2.56%. Those that fell the most are those of IRSA, Bioceres (-1.84%) and Edenor (-1.75%). While those that rose the most are Despegar (+2.30%), Central Puerto (+1.75%) and Supervielle (1.17%).
The result of Take off responds to the positive trend in its post-pandemic recovery dynamics, which reflects negative balance sheet numbers in the third quarter, but good prospects for the future. The same with Central Puerto, which, despite an unfavorable balance, has an optimistic business expectation for next year.
Source: Ambito
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