The firmness of the market encouraged imminent profit-taking, according to the operators, which would explain that a few minutes after the opening of the market, the leading panel turned red.
The stock index of a Argentine stock market, the S&P Merval, began this Tuesday with a bullish trend that boosted business by ratifying its intraday record in dollars due to the arrival of liquidity in the hands of institutional investors encouraged by macroeconomic indicators.
However, a few minutes after operations began in the Buenos Aires plaza, The leading index of Argentine Stock Exchanges and Markets (BYMA) lost 1.7% to a maximum of 1,469,909.700 after surpassing its record from Monday at 1,498,165.81 units for a few minutes and dragging an appetizing improvement of 24.4% in the seven previous rounds.
The firmness of the market encouraged imminent profit-taking, according to the operators, which would explain that a few minutes after the opening of the market, the leading panel turned red. These market caps are in pesos, while in dollars they register a record since 2018 at the pace of firm demand for Argentine papers listed on Wall Street.
Leading stocks
The declines are led by irsa (-5.3%); Supervielle (-4.6%); Conveyor of Gas del Norte (-3.9%) and BBVA Argentina (-4.4%). Meanwhile, the increases are for Mirgor (+1.6%), Transener (+0.4%), and YPF (+0.2%).
ADRs
The rises in the New York Stock Exchange (NYSE) are for Telecom Argentina (+5.7%); Bioceres (+2.1%); Free market (+2.1%). Meanwhile, the losses are for: Supervielle Group (-3.8%); Take off (-2.2%); and BBVA Bank (-1.9%).
Hard dollar bonds
For bonds nominated in dollars they operate dispersed. The biggest increase is for the Global 2046 (+0.8%), and the biggest drop for the Global 2038 (-0.7%).
Source: Ambito
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