The Buenos Aires stock market lost 0.5%, bonds fell up to 1% and the country risk increased 30 points. It is due to profit taking and in line with international markets.
The Buenos Aires stock market lost 0.5%, bonds fell up to 1% and the country risk increased 30 points. It is due to profit taking and in line with international markets.
Argentine News
The Buenos Aires stock market fell selectively at Wednesday’s opening compared to expectations taking profits due to rearrangements of positions amid positive expectations about the country’s financial future. Meanwhile, the country risk rises 30 points and rises to 1250.
Likewise, dollar bonds fell up to 1% in line with international markets after the inflation data in the US that was higher than expected.
The S&P Merval index fell 0.53%, to 1,246,565.99 units, after gaining 5.92% in the previous three sessions and ending March with a strong increase of 19.59%.
“The index continues to point relentlessly on the way to exceeding 1,200 measured in dollars”said economist Gustavo Ber.
“This is because the path of normalization that the economy is facing arouses confidence, even when it is recognized that it could soon require readjustments that make it migrate from an emergency plan to one of comprehensive stabilization in order to give sustainability to the advances on fiscal, monetary and exchange imbalances,” he added.
Meanwhile, dollar bonds fall up to 1%, with the sharpest decline in the Global 2038. He AL30, one of the market’s favorites, giving up 0.29%.
Source: Ambito
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