The local stock market shows increases of almost 3% on a day marked by the national strike organized by the CGT and the progress of the Government with its economic plan.
The leading index of Argentine Stock Exchange and Markets (BYMA), S&P Mervalrebounded this Wednesday, January 24 after cutting the streak bullish trend that held for six sessions for profit taking.
In the leading panel, the index rises 2.7% to 1,239,063.96 points. Meanwhile, the local actions that rise the most are YPF (+5.3%); Pampa Energy (+4%) and Ternium (+4%). For its part, the only company that has a reduction in its papers is Black Hillwhich does not reach 0.1%.
The advance of the stock market occurs after the Government achieved the majority opinion in the plenary session of Congressional committees and may bring to the premises the omnibus megabill which contains a central part of its economic plan.
Likewise, this noon the general strike called by the main CGTso the stock market also shows a decline in activity.
Argentine shares on Wall Street
Regarding the Argentine papers that are listed on the New York Stock Exchange (NYSE) present widespread gains led by YPF (+5%), Pampa Energy (+4.6%), BBVA Bank (+3.2%) and Macro Bank (+2.5%). For its part, the only loss is Black Hill (-0.5%).
The strike of the workers’ central is accompanied by a massive demonstration in the City of Buenos Aires, in response to the adjustment measures and reforms proposed by the president Javier Milei.
Source: Ambito
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