It happens after a week of losses in the local stock market as a result of the uncertainty that gripped investors after the Government’s setback with the omnibus law.
Meanwhile, the most marked losses are for: Edenor (-4.1%); BBVA Bank (-2.6%); Telecom Argentina (-1.6%) and Alvar (-0.7%).
Depositphotos
The leading index of Argentine Stock Exchanges and Markets (BYMA), the S&P Merval bounces this Wednesday, February 14, but it is worth remembering that last week it accumulated a red of 14.3%. The fall is explained by the investment uncertainty generated by the failure of the omnibus law, promoted by the Executive, in Congress.
On this day, the Buenos Aires index rises 1.3% to 1,142,598.130 pesos and the main increases are for: Argentine Stock Exchanges and Markets (+4.4%); Superville (+2.8%); and Galicia Financial Group (+23%).
Meanwhile, the low most marked are for: Edenor (-4.1%); BBVA Bank (-2.6%); Telecom Argentina (-1.6%) and Aluar (-0.7%).
Argentine shares on Wall Street
The papers of Argentine companies listed on the New York Stock Exchange operate with generalized falls, led by Ternium (-3.2%); Telecom Argentina (-2%%); Ternium (-3.2%). Meanwhile, the increases are for Central Puerto (+2.5%) and Grupo Financiero Galicia (+0.6%).
“Now the next movements of the Government are key for the market, since will show the decision to continue with an economic plan“said an operator quoted by Reuters, noting that “The inflation data that will be known this afternoon is expected but not definitive to decide investments“.
A recent survey carried out by the British agency estimates that the Consumer Price Index (CPI) would have risen 20.5% in Januaryafter registering the previous month its highest level since the beginning of 1991.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
