The market comments that the trend is due to President Javier Milei calling for dialogue at the opening of ordinary legislative sessions on Friday night.
Argentine actions they climb up to 6% this Monday, March 4, on Wall Street, with the help of YPF, after President Javier Milei called the dialogue at the opening of legislative sessions ordinary Friday night.
In this framework, Argentine papers show general increases, led by YPF (+5.5%); BBVA Bank (+5%); Supervielle Group (+4.9%); Loma Negra (+4.3%); and Grupo Financiero Galicia (+2.7%).
“The speech received the support of many governors, including the Llaryora from Córdoba and Torres from Chubutleaving behind the conflict seen two weeks ago that put at risk the agreement between Milei’s party and Macri’s PRO,” they explain from Adcap Grupo Financiero when asked about the market reaction.
And they add that, after this, “we regained confidence in the possibilities of success of their program, since now governance seems much less complicated. We hope that the market will take it positively and, therefore, we reconsider increasing the risk in Argentina “.
S&P Merval in dollars exceeds 1,000 points
For its part, the S&P Merval of Argentine Stock Exchanges and Markets (BYMA) advances a 1.3% to 1,068,484 points, after the speech of Javier Milei in Congress last Friday in which he ratified the economic direction of his government plan.
Measured in dollars (CCL), this index climbs 4.7% to 1,013 points, given the fall in financial exchange rates.
In pesos, the actions of the leading panel climb up to more than 6%, with BYMA in the lead (+6.5%). The roles of Transportadora de Gas del Norte (+5%), Mirgor (+4.7%); BBVA Bank (+4%); and YPF (+3.3%).
Source: Ambito
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