It should be noted that this Monday there are less activity given the American holiday for the “President’s day“, so there will be no listing of Argentine shares listed in that market.
“Although The weekly fall of the Merval is somewhat noticeable, in reality the index maintains an upward trend in the short and medium term and could return to the upside,” said Alexander Londoño of ActivTraders.
“The bearish pullback in the Merval is normal, since it was very overextended on the upside and prone to a bearish correction,” he explained.
Thus, the main increases are for Cresud (+3.3%); Transener (+2.4%) and Aluar (+23%). Meanwhile, the most pronounced declines are for Silver Commercial Society (-2.1%); Mirgor (-1.9%); and Northern Gas Carrier (-1.6%).
As mentioned previously, today the shares of Argentine companies listed on Wall Street will not have trading due to holidays in that country.
Bonds on the local stock market
Since there is no listing of New York law bonds, CER titles mark the rise of local law bondsl. Thus, the PR13 climbs up to 15.6%; he TX28 (+3.5%) and the DICP (+2.8%). Meanwhile, the only loss is for the PAP0 (-2.1%).
Meanwhile, in the segment dollar linked the raises are for him T2V4 (+0.6%) and the TV24 (+0.5%).
Source: Ambito
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