The S&P Merval index rises 3.47% to a maximum level in pesos of 1,422,196.490 units. There is enthusiasm for the slowdown in prices.
The Argentine stock market trades up this Friday, May 3renewing historical maximum levels, a day after the Central Bank (BCRA) announced an unexpected drop in its reference rate and the Chamber of Deputies approved this week the so-called “Bases Law” promoted by the ruling party.
He S&P Merval index rises 3.47% to a maximum level in pesos of 1,422,196.490 units, after gaining 3.48% the day before.
“Investors are looking for a refuge in the stock market since the market still looks attractive and has good chances of rising at a time when inflation slows“said an operator.
In this context, all The shares are in green on the leading panel of the local stock market and rise up to 5.11%, led by Banco Macro, Grupo Galicia (+5.11%), Transportadora de Gas del Sur (+5.08%) and Transportadora de Gas del Norte (+5.06%). There are none of the actions.
Argentine shares on Wall Street
She NYSEArgentine stocks also rise very strongly, led by Free marketwhich climbs 9.56%, followed by Telecomwhich scales 7.08%, while Southern Gas Carrier scale 6.56%. All local companies listed on Wall Street They are on the rise this Friday.
Bonds and country risk
For their part, sovereign bonds in dollars operate unevenly this Friday, although the most traded titles (AL30 and GD30) fall 0.4%. The country risk prepared by the JP Morgan bank rises 0.2% to 1,238 basis points.
Source: Ambito
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