The shares that fell the most on the wheel were those of Transportadora de Gas del Norte (-5.2%); YPF (-5.1%); and Transportadora de Gas del Sur (-4.6%).
At the same time, Argentine papers listed on Wall Street also registered a majority of losses, led by Free Market (-6.3%); Tenaris (-2.6%); and Banco BBVA (-2.5%).
Assets had been showing significant increases based on signs of progress in negotiations with the IMF and a better financial climate in the world as a result of greater reassurance about the potential impact of the Covid-19 Omicron variant. This Thursday, however, the main Wall Street indices exhibited a majority of losses, which also affected stocks throughout the region.
The market remains attentive to the evolution of the conversations with the Fund, at a time when an Argentine mission made up of officials from the Ministry of Economy and the Central Bank (BCRA) is in Washington trying to bring positions closer to the multilateral credit organization.
“I am negotiating to reach an agreement,” President Alberto Fernández said in statements to the press. “We do not want to leave the world or breach our obligations (…) our proposal is not not to pay,” he said.
In this context, the expectation of an agreement before the end of the year grows despite the differences between the parties on how to finance a fiscal consolidation.
“The upward rebound in prices that we had was the result of an expectation of understanding / agreement with the IMF (…) but volatility persists,” said settlement and clearing agent Neix.
For their part, sovereign bonds denominated in dollars closed mixed, with increases led by the Global 2038 (+ 6.2%); and drops led by Global 2035 (-2.1%).
This disparity did not mobilize the Risk country, measured by the JP.Morgan bank, which lost just one unit to 1,697 basis points.
Source From: Ambito
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