The BYMA leading index advances 0.7% to 1,237,720.87 units, while measured in CCL dollars it increases 0.4% to 1,193 points.
The S&P Merval in dollars rises this Tuesday April 9 and marks a new maximum since 2018, being close to 1,200 points, while hard currency bonds operate with the majority of advances, given the market’s positive expectations about the future of the local economy.
BYMA’s leading index advances 0.7% to 1,237,720.87 units, while measured in dollars CCL increases 0.4% to 1,193 points.
The purchase of HSBC Argentina by Grupo Financiero Galicia boosted its shares, that climb almost 4%. Banco Galicia and its parent company GFG of Argentina bought the business of the local subsidiary of the international HSBC for about 475 million dollars, plus subordinated debt for between 75 and 100 million dollars, said the parties involved in notes sent to the Buenos Aires Stock Exchange (BCBA).
In addition to Galicia, the main increases of the day are for Central Port (+3.8%); and Aluar (+2.9%). Meanwhile, the declines are led by Northern Gas Carrier (-5.3%); Southern Gas Carrier (-4.3%); and Transener (-3.6%).
Argentine shares on Wall Street
For their part, the shares of Argentine companies listed on the New York market operate mixed. Leading the increases are the roles of Galicia (+3.7%), Central Port (+3.4%); and Take off (+2.4%)
Meanwhile, the losses are for America Corporation (-2.1%); Black Hill (-1.7%); and Southern Gas Carrier (-1.7%).
Bonds and country risk
In fixed income, Sovereign securities denominated in dollars are trading mostly with increases in the Buenos Aires stock market, to accumulate increases of up to 10% so far in April (Bonar 2038).
Thus, the risk country measured by JP Morganse bank rebounds 0.7% to 1,213 units, after breaking through the 1,200 point level on Monday, minimum levels since September 2020.
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Source: Ambito
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