Analysts commented that lower expectations of a new devaluation of the peso caused the dollar to fall in alternative markets, where foreign currency is obtained through trading in stocks and bonds, which determined less pressure on the asset market.
The leading index of Argentine Stock Exchanges and Markets (BYMA), the S&P Merval, falls 0.7% on the first day of February, making it a day that is more red than green for the shares of the leading panel. All this, while the focus of the market is on the minute by minute of the omnibus law debate and what happens regarding it in Congress.
In this way, the main increases are for BYMA (+1.7%); Silver Commercial Society (+1.2%); Cresud (+0.6%) and Telecom Argentina (+0.5%). Meanwhile, the most marked declines are for BBVA (-2.07%); Galicia Financial Group (1.5%); and Superville (-1.6%).
Analysts commented that lower expectations of a new devaluation of the peso caused the dollar to fall in alternative markets, where foreign currency is obtained through trading in stocks and bonds, which determined less pressure on the asset market. Likewise, operators did not rule out future profit-taking due to the recent increases in the stock market.
Argentine shares on Wall Street
Meanwhile, Argentine stocks listed on the New York Stock Exchange (NYSE) They have a positive session.
Strictly speaking, the most salient sunas are for Macro Bank (+4%); Supervielle (3%); Telecom Argentina (2.7%) and Central Puerto (2.6%).
For its part, the only drop was recorded by Pampa Energía’s ADR, which gave up (-1%).
Source: Ambito
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