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Argentine stocks climb up to 7% in the local market and are in the green on Wall Street after a negative day

Argentine stocks climb up to 7% in the local market and are in the green on Wall Street after a negative day

The Argentine stock market rises this Tuesday after having recorded repeated profit-taking after a recent all-time high in pesos thanks to favorable macroeconomic indicators domestic.

The index leader S&P Merval porteño loses climbs 2.38% to 1,409,679.99 unitsafter falling 7.95% in the previous five rounds and reaching the intraday record of 1,505,718.34 points a week ago.

The government of libertarian president Javier Milei has just dragged a first quarter of the year with twin surpluses, fiscally and commercially, which has benefited the market with a share of optimism in order to combat rampant annual inflation.

The Actions they climb up to 7% on the day, led by Sociedad Comercial del Plata, BBVA (+5.10%) and Supervielle (3.88%). The only paper on the leading panel that is trading in red is the Stock Market (-1.58%).

Argentine shares on Wall Street

The shares Argentine shares listed on Wall Street They rose during the day up to 3.14%, led by BBVA, Supervielle (+2.93%) and IRSA (+2.62%). Only Bioceres (-2.83%) and Loma Negra (-0.35%) are down.

Bonds and country risk

The sovereign bonds in dollars They are trading with a bullish majority on the day, led by Global 2029 (+2.4%), Global 2038 (+0.5%) and AL30 (+0.3%). Meanwhile, the Global 2041 and the AL35 fell 2.1% (-0.1%). The country risk falls 24 points (-1.92%) to 1,224 units.

Source: Ambito

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