The S&P Merval rises as do the ADRs at the beginning of the debate on the Basis law and fiscal package

The Buenos Aires stock market operates on the rise this Mondaywhen the Chamber of Deputies is preparing to deal with the projects omnibus law and the tax package promoted by the Government, which had already been rejected in February. Meanwhile, the bonuses sovereigns in dollars They operate with a majority of ups and downs risk country.

The market goes up “given the expectations raised by the negotiations on the way to achieving legislative approvals to be able to move forward with the reforms”said the economist Gustavo Ber.

He S&P Merval index earns 2.4% a 1,310,460.40 points, after accumulating an increase of 7.6% during the last week. The market improvement was led by good liquidity actions in the sectors financial and energetic leading the rises Macro Bank (+4%) Transportadora Gas del Sur (+3.5%), Transener (+3.1%) and Supervielle Group (+3%).

For their part, Argentine ADRs are also climbing strongly, the increases are led by Macro Bank (+4%), Supervielle Group (+3.5%), Southern Gas Carrier (+3.2%) and Free market (+2.6%).

Bonds and country risk

In the fixed income segment, dollar bonds show a slightly bullish trend on the NYSE, led by the Bonar 2030 (+0.7%). Thus, the risk country measured by the JPMorganfalls 0.7% and stands at 1,201 points, about to pierce a key symbolic value.

Meanwhile, the dollar bonds In the local market they are quoted mixed, those with the lowest prices are the Global 2046 (-3.2%), the Bonar 2041 (-1.0%) and the Global 2029 (-0.9%). Meanwhile, those that advance the most are the Bonar 2030 (+0.9%), the Bonar 2038 (+0.5%) and the Global 2030 (+0.5%)

For their part, the BOPREALES operate with generalized increases, while the CER adjusted bonds which fall to 6.8%.