Shares are trading mostly upwards this Friday, on the last day of activity of the year, with selective purchases and annual positions already almost closed. The stocks of local companies on Wall Street are on the rise.
The Argentine stock market activity is down on the last day of the year 2023, with selective purchasesalthough within the framework of a reduced operation because a large part of the investors They have already closed their annual positions.
Thus, the leading index S&P Merval falls 0.23%to 902,029.82 points and is on track to end the year with an increase of more than 350%, measured in pesos, compared to an estimated inflation of 200%.
Stocks trade mixed. Those that rise do so by up to 4.05%, led by Transportadora de Gas del Norte, which stands out from the rest driven by news of gas rate announcements and other factors that give good prospects for the energy business in Argentina. Meanwhile, the following in increases are Ternium, with an increase of 2.63% and BYMA (+2.14%).
Meanwhile, those that fall do so by up to 2.89% and the one that loses the most is Pampa Energía, followed by Banco Macro (-2.89%) and Grupo Financiero Galicia (-1.84%).
The “omnibus law”, a key element
The Argentine financial market is attentive to the treatment of a package of measures launched by the Government in order to completely deregulate the economy in the midst of strong political disputes.
“With the “Omnibus law” Already on the table, investors’ analysis of the broad package of measures is multiplying in search of being able to interpret its implications both macro and micro, as well as the parliamentary support it could count on,” said economist Gustavo Ber .
Financial stocks on Wall Street
Argentine shares listed on the New York Stock Exchange are almost all trading higher, led by Banco Macro and Central Puerto, which both climbed 2.81% this Friday. They are followed by Pampa Energía (+1.87%) and Despegar (+1.83%).
Source: Ambito
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