S&P Merval falls and cuts six-wheeled bullish streak, while ADRs extend increases

S&P Merval falls and cuts six-wheeled bullish streak, while ADRs extend increases

Investors remain attentive to the Government’s negotiations to advance the omnibus law.

Meanwhile, the volume traded in shares exceeds $589 million.

Argentine News

The main indicator of the Buenos Aires stock market, the S&P Merval cuts the bullish streaka six-wheeler after erasing the rise in the first operations of this Tuesday, January 23 and stands at 1,233,265.70 points.

It is worth remembering that the highlight the day before was the recovery that the Adrs experienced again on the New York Stock Exchange, with increases of up to 7% during the day. With financial dollars showing greater calm, the impact on the local market was immediate, allowing the Merval to close its sixth consecutive session on the rise with an increase of 3.84%, reaching 1,219,959 basis points. In addition, a decrease in country risk of 1.62% was observed, registering 1939 points.

Today, the main increases are for Transener (+3%), BYMA (+1.4%) and Sociedad Comercial del Plata (+1.1%). Meanwhile, the papers that lost the most are: Superville (-5.3%), Grupo Financiero Galicia (-3.8%) and Banco Macro (-3.2%).

Meanwhile, the volume traded in shares exceeds $589 million.

Argentine shares on Wall Street

For their part, Argentine papers listed abroad They struggle to sustain the gains of the first session of the week. In this context, the increases for ADRs are marginal, led by Ternium (+1.5%), YPF (+1%), Tenaris (+0.5%).

Meanwhile, the declines are for Banco Supervielle (-1.8%), BBVA (-1.8%) and Edenor (-1.3%).

Source: Ambito

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