The S&P Merval index of Buenos Aires fell 0.67% and reached 934,132.29 units. Argentine shares on Wall Street fall up to 4.4%.
The Argentine stock market Opera low this Tuesday, January 2in the first round of 2024, in a market in which selective purchases and sales are observed between highly liquid papers due to the rampant inflation, which is estimated to have exceeded 25% in December of the year that has just ended.
He S&P Merval index of Buenos Aires falls 0.67% and reaches 934,132.29 units, after advancing 14.3% in December and leading investments in 2023 with an increase of 360.1% in pesos and 65% in dollars.
The shares of the leading panel operate with a majority of losses, led by Supervielle (-3.32%), Grupo Financiero Galicia (which lost 1.9%) and Ternium (-1.34%). Meanwhile, those that rose the most are Trasnportadora de Gas del Norte (+3%), Banco Macro (+2.56%) and Central Puerto (+1.26%).
The increase in retail prices was around 200% last year and it is expected that there will be a strong drag by 2024. Meanwhile, Political attention is focused on Congress, where the new president Javier Milei sent a package of draft laws to be discussed in extraordinary sessionsamong which the declaration of the economic emergency until December 31, 2025 stands out.
Argentine shares on Wall Street
The Argentine shares on Wall Street fall up to 4.4%, led by Grupo Supervielle. YPF follows among those with the greatest losses, with a drop of 3.05%, and BBVA (-2.94%). This occurs in a negative day for the markets in the United States.
Source: Ambito
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