24hoursworld

The S&P Merval extends the red but Argentine stocks on Wall Street are trading higher

The S&P Merval extends the red but Argentine stocks on Wall Street are trading higher
February 6, 2024 – 12:11

The S&P Merval lost 2% to 1,236,114.69 basis points, after a fall of 4.2% in the previous day and after accumulating an increase of 35.59% during the month of January.

Argentine News

The Buenos Aires stock market gives way again this Tuesday, February 2, affected by a strong fall of the dollar Cashed With Settlement (CCL). This happens within the framework of a day in which investors await the point-by-point treatment of the omnibus lawpromoted by the government of Javier Milei.

In that framework, the S&P Merval gives up 2% until the 1,236,114.69 basis pointsafter a 4.2% drop in the previous day and after accumulating an increase of 35.59% during the month of January. The fall of this Tuesday occurs within the framework of a sharp decline in CCL.

In the local squarethe Actions with majority of casualties. Those that fall the most are those of Mirgor (-3.9%), Central Port (-3.1%) and Southern Gas Carrier (-3.1%). While, the only one that advances Its the Silver Commercial Society (+3.8%).

Argentine shares on Wall Street

Meanwhile, the papers of Argentine companies that are quoted in the New York Stock Exchange (NYSE) operate with most riseswith IRSA to the head, that advances 2.7%. They follow him BBVA (+2.1%) and Take off (+2.1%).

On the other hand, the titles that fall the most Free market (-4.1%), Black Hill (-0.4%) and Central Port (-0.3%).

In the context of the uncertainty generated by the specific treatment of the omnibus law, Portfolio Personal Inversiones highlighted that “approximately 300 articles have been removed from the original project, including the complete fiscal chapter.” ANDAmong the issues that currently attract the most attention is the sharing of the PAIS tax with the provinces.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts