Thus, the leading index of Argentine Stock Exchanges and Markets (BYMA) It gains 1.3%, to 1,260,521.66 units, and links the gains of the previous session, where it rose 3.5% the day before.
“The local monetary authority decided to cut the repo rate again. As we have maintained on other occasions, this is positive for equity in two senses,” said Portfolio Personal Inversiones.
He explained that “on the one hand, it allows financing costs to be lowered. On the other hand, in terms of valuation, discount rates are reduced, which improves the present value of the companies’ future flows.”
The Leading Panel is in green, the main increases are for Transener (+3.3%); Ternium (+2.7%); Banco Supervielle (+2.4%) and Aluar (+1.8%).
SARD
On Wall Street, the papers of Argentine companies listed on that market also present a positive trend. The main increases are for Ternium (+2%); YPF (+1.7%); Banco Supervielle (+1.6%). Meanwhile, the declines are for Tenaris (-7.8%) and Irsa (-0.4%).
Dollar bonds
In the last session of the week, dollar-nominated bonds resume the upward trend and climb up to 5%. The increases are for the GD46D (+5.1%); GD41D (+4.8%) and GD35D (+1.2%).
Meanwhile, the trend is negative for titles that adjust by CER, which sink to -4.6%. The losses are led by the TZX28, followed by the TZX26 and the TX26.
Source: Ambito
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