S&P Merval marks its second rise in a row: shares climb up to 5%

In that context, the stock index advances 2.8%until 1,043,437.66 units. In terms monthlyhe stock index fell 17.9% and cut one positive streak of 4 consecutive months.

In the local squarethe Actions operate with most rises. The ones that most they advance are those of Northern Gas Carrier (+5.1%), Stock Bank (+4.3%) and Transener (+3.9%). The only ones that fall are those of Supervielle Group (-0.6%) and Macro Bank (-0.4%).

Meanwhile, in Februarylocal stocks fell up to 33%as was the case of Northern Gas Carrier. Among those that depreciated the most in the month, they were followed by Central Port (-29.7%) and Cresud (-28.6%).

“He S&P Merval It is usually in more Argentine hands than in foreign ones and that gives it volatility.. It is a market that in order to continue growing needs a little more structural reforms and since the fall Base LawFor example, in the industry you see more ransoms than subscriptions; “They need a change in the rules of the game that generate more competitiveness in the industry,” he told Ámbito. Sergio Gonzalez, CFA. Head of Asset Management at Cohen.

Argentine shares on Wall Street

For their part, Argentine stocks that operate in Wall Street operate mixed. Those that record the main advances are those of Edenor (+1.7%), Pampa Energy (+0.8%) and Central Port (+0.7%). Meanwhile, among those who most fall titles are counted Macro Bank (-1.9%), Supervielle Group (-1.7%) and Galicia Financial Group (-0.9%).

In the accumulated monthly of Februarythe ADRs culminated with drops of up to 15.8%as was the case of Central Port. The next ones that fell the most in February were the shares of Edenor (-15.6%) and Cresud (-15.2%).

S&P Merval fell in February: in what context?

“After a great start to the year for markets in Januaryduring the second month of the yearwe have had a significant correction of financial assetswhich in addition to having a negative performance in the monthwere harmed by the decline of the CCL dollarthat corrected 14%“, he indicated Maximiliano DonzelliHead of Research IOL Invertironline.

“The correction has its logic if you take into account what the last good months of the market were like after the ballotthe investment community has shown a new confidence shock for the governing administrationwhich has already taken its first adjustment measures,” he added.

The strong monetary contraction that drives the central bank (BCRA) also allowed it in February to accumulate reserves in dollars basically from the export sector, although this Thursday it sold US$142 million to supply genuine demand at the end of the month.

With the arrival to the presidency of Javier Milei and one devaluation immediate 54% In December, the monetary authority accumulated currency purchases in the market in the second month of the year for US$2,357 millionto climb the almost US$8.4 billion since the inauguration of the new president.