The S&P Merval index falls 0.4%, to 909,895.82 units, after losing 3.72% the day before and gaining 2.46% last week.
The porteño bag sustains falls second consecutive day in the middle of a expectant climate politically after the reforms announced by Javier Milei. The President called extraordinary sessions of Congress to implement State reforms and the imminent dissemination of a decree that deregulates the economy is expected.
The index S&P Merval It falls 0.4%, to 909,895.82 units, after losing 3.72% the day before and gaining 2.46% last week. Meanwhile, the Merval in dollars is close to 1,100 points with an increase of 0.6%.
In this context, the increases are up to 3.4% led by Cresud, followed by Central Puerto (2.8%), Loma Negra (1.5%) and Banco Macro (1%). The decreases belong to Transener (-2.9%), BYMA (-2.2%), Pampa Energía (-1.4%) and YPF (-1.3%).
“Everyone, both people who invest and those who don’t, is waiting to see if the government is capable of carrying out the announced measures. Even though it is clear that, in addition, there will be a negotiation ahead,” said Santiago Abdala. of Personal Investment Portfolio.
ADRs on Wall Street
For their part, the Argentine papers that are listed in Wall Street They operate with the majority of increases from Edenor up to 4.6%, Central Puerto (3.1%), Loma Negra (2.2%) and Banco Macro (1.1%).
In the case of Edenor, since Delphos Investment maintain that: “the market has been speculating with the adjustment of rates, and for this reason this industry reflected the best performance among the components of the leading and general panel, along with the food companies. The materialization of the rate increases may give these papers one more push, but much of the effect is already discounted in quotes and prices are no longer as attractive as they were until recently.
The falls belong to Telecom Argentina (-1.8%), YPF (-0.8%) and Despegar (-0.4%).
Source: Ambito
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