The index S&P Merval Thus, it shows an improvement of 0.4% and stands at 1,073,490.75 units, after recording an increase of 6.55% during the last week.
In the leading panel, the stocks operate unevenly. Those that rise the most are Central Port (+7.8%); Northern Gas Transportation (+6.9%); Edenor (+5.2%) and Transener (+5.1%), while those that fell the most were Supervielle Group (-2.8%); BYMA (+1.7%); BBVA (+1.4%) and Galicia Financial Group (+1.4%).
He S&P Merval “accumulates a 15% gain in pesos so far this yearwhile the balance in dollars is also positive, but only by 5%,” he said Mauro Natalucci of Rava Stock Market. And he highlighted that “the market achieved a significant correction that led to a loss of 28% in pesos, but it could resume the main upward trend in the short term.”
The Libertarian Government Javier Milei said on Friday that the country reached a fiscal surplus primary of $1.23 billion (about US$1,448 million dollars) in February, in the midst of a abrupt reckoning. This generates some enthusiasm in the markets.
However, at the political level, the rejection of Upper House of Congress to the decree (DNU) that deregulates the economypromulgated in December by the president, creates uncertainty since it must now be discussed by the deputies to determine its validity.
Bonds in dollars: how much they are trading at today, Monday, March 18
The dollar bonds rise up to 2.6%, led by the Bonar 2038followed by Global 2035 (+1.4%) and the Global 2041 (+1.3%). Meanwhile, the only ones who go down are Global 2029 (-2.1%) and the Bonar 2041 (-1.3%).
In that context, the risk country drops 17 units and pierces 1,600 basis points to 1,594, according to the measurement of JP Morgan.
Meanwhile, the papers in pesos operate mixed: the TX28 (+3.1%), the PARP (+1.4%) and the TX26 (+1.2%) are those who climb the most, while the PAP0 (-0.9%), the DIP0 (-0.7%) and the DICP (-0.1%) are the ones that decreased the least. For their part, the dollar linked advance 2.1% on T2V4 and 0.1% TV24.
Argentine shares on Wall Street
The papers of Argentine companies that are listed in NY record the majority of increases, led by Central Port (+9%); Edenor (+7%) and ADR Gas Conveyor (+5.9%). Meanwhile, the only one that goes down is Supervielle Group (-1.3%).
Source: Ambito
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