S&P Merval falls again after a previous day of rise and ADRs operate with a majority of declines

S&P Merval falls again after a previous day of rise and ADRs operate with a majority of declines

The shares that recorded the greatest falls in the local market are those of Telecom (+7.6%), Edenor (+5.7%) and Pampa Energía (+4.2%).

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He S&P Merval falls again this Thursday, March 7, after falling on the previous day. Meanwhile, the shares of Argentine companies operate with majority of casualties both in Wall Street like in the local square. This occurs within the framework of a day in which the Patagonian governors held a summit in which they rejected the restitution of profits and condition fiscal pact.

In that framework, the stock index gives up 0.8%until the 992,113.98 points. In the local squarestocks operate with majority of casualties. Those who score biggest falls are those of Telecom (-7.6%), Edenor (-5.7%) and Pampa Energy (-4.2%). Meanwhile, those that mark higher profits are those of BBVA (+5.3%), Supervielle Group (+2.1%) and Galicia Financial Group (+1.5%).

Argentine shares on Wall Street

Meanwhile, the Argentine stocks that are quoted in the new york square operate with majority of casualties. The ones that most give in are those of Edenor (-3.3%), Central Port (-2.7%) and Telecom (-2.6%). Among those who register higher go up are those of Take off (+6.8%), BBVA (+3.5%) and Supervielle Group (+2%).

The S&P Merval rebounded: in what context?

Markets move in the middle of political expectations after the president Javier Milei said in his speech of session opening in it Congress that “will not back down” with their policies and will send a new package of laws to the Congress.

At the same time, he invited governors and former presidents to sign a “social pact” to be able to advance with its economic deregulation reforms.

In this framework, this Thursday it takes place, in Puerto Madryna summit of Patagonian governors that show some common positions regarding the national scene and the rediscussion of a fiscal pact with the Government that could direct the call May Pact.

Source: Ambito

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