Contrary to the Buenos Aires stock market, Mirgor soars more than 10% and continues its bullish rally.
For the porteño bag This Monday, January 8, is a negative day with most shares falling, although on the contrary Mirgor rises more than 10%, after the first meeting with the International Monetary Fund (IMF) and the beginning of discussion of the omnibus law in it Congress with the participation of the ministers.
A delegation from the IMF met on Monday with the Chief of Staff, Nicolas Posse, and the Minister of Economy, Luis Caputo, within the framework of a delayed review of the US$44 billion loan agreement granted by the IMF to the government of Mauricio Macri. These days, the Government will have to face the expiration of debt with the multilateral organizationwhen the inflation December, which is expected to be the largest in almost 33 years.
Likewise, this Tuesday the discussion of the megaproject of the Executive powerin it Congress during the period of extraordinary sessions and with the presence of the Government ministers, who will explain the reasons why the omnibus law It must be approved in both chambers.
In that context, the S&P Merval it gives up 1.8% and most of the shares on the leading panel are trading in decline, except for Mirgor, which shoots up 11%. The casualties were led by Cresud (-3.7%), BYMA (-3.1%), BBVA (-2.8%), Aluar (-2.7%) and Galicia Bank (-2.7%).
Mirgor in bullish rally
Mirgor It had already risen 18% on Friday and 16% on Monday, and contrary to the local market, it maintains this trend, advancing 11% this day.
“After Milei’s speech in the first days, it was very punished for being a company based in Tierra del Fuego and now it is recovering ground. It is still a good company,” he explained to Ambitthe trader Leonardo Svirsky.
ADRs on Wall Street
The Argentine shares on Wall Street operate with generalized falls this Tuesday thanks to Transportadora Gas del Sur (4.6%), followed by BBVA (-3.4%), Macro Bank (-3.3%), YPF (-3%) and Cresud (-3%).
Source: Ambito
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