The Buenos Aires S&P Merval rises 0.8% to 1,182,095.01 units, against a 2.6% decline on Wednesday when the ADRs of Argentine companies collapsed in New York.
The porteño bag bounces this Thursday, April 18 and bonds rise again behind the income of the fiscal package in Deputieswhere today it is dealt with in commission and also after the improvement in external markets, but with investors still attentive to the tensions in the Middle East.
He S&P Merval rises 0.8% to 1,182,095.01 unitsagainst a 2.6% retraction on Wednesday when the ADRs of Argentine companies in NY. In this way, the local stock market accumulates an improvement of 27% over the course of 2024.
“Given what the rise has been since the year started, a correction may come and it would be healthy if there were one. It is very difficult to recommend an action in such a short period of time, but we do believe that by the end of the year we will continue seeing how Argentine companies continue to capitalize,” analysts from the city of Buenos Aires highlight.
In this framework, Argentine stocks listed on Wall Street advance up to 3% led by Take offfollowed by Edenor (+1.5%), BBVA (+1.3%), Gas Carrier (+1.2%) and Central Port (+1.2%).
Internally, attention is focused on the legislative treatment of a fiscal package that the Government that seeks approval in a context of economic deregulation which contains changes such as Income Tax, Monotribute, Personal property, moratoriumsamong other tax reforms.
Bonds and country risk
In it fixed income segment, currency titles hard are trading with increases of up to 7.3%, led by the Global 2046followed by Global 2038 (+3.6%) and the Global 2041 (+3.3%). Thus, the risk country measured by the JPMorgan it gives way again, in this wheel up to 1,262 basis points.
Meanwhile, CER-adjusted bonds operate in negative territory. Those that decrease the most are CUAP (-6.9%), the DICP (-3.7%), the TX28 (-3%) and the TZX28 (-2.2%). Meanwhile, the only ones who rise are the TZX27 (+1.7%) and the PAP0 (+0.4%).
For their part, the Bopreal drop to 1.8% and dollar linked they operate mixed.
Source: Ambito
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