The Argentine stock market rises this Wednesday May 15 due to renewed coverage in well-liquid papers after recent profits and after which the Central Bank (BCRA) will announce a new reduction in its reference rate.
He S&P Merval index from Buenos Aires up 3.8%after gaining 2.39% the day before and against five previous wheels in decline.
On Tuesday night, the BCRA lowered its rate to 40% annually, from the previous 50%. in the face of April inflation data below analyst estimates (8.8% was the CPI data) and in view of a Treasury bond auction that will be held this Thursday.
The shares of the leading panel are all listed in green and register increases of up to 5.9%, led by Central Puerto, by Banco Macro (+5.5), BBVA (+5.1). A particularly marked upward trend is observed in the energy and financial sector. Meanwhile, Commercial Silver registered a fall of 1.18%.
“We feel comfortable adding risk in Argentine stocks that have a greater probability of realizing their significant upside potential, such as the Oil, Gas and Energy sectors,” Adcap Grupo Financiero said.
Argentine shares on Wall Street
On Wall Street, meanwhile, Argentine stock papers also show very good dynamics, with increases of up to 6.47%, led by Banco Macro, BBVA (+4.98%) and Central Puerto (+4.84%). There are no ADRs or papers of local companies listed in New York that are trading downwards.
Sovereign bonds and country risk
The sovereign bonds in dollarsMeanwhile, they do not have a good day, with a majority of casualties. They sink to -1.8% (Global 2028 – DD28), the bonar AL41 (-1.6%) and the AL35 (-0.9%) also fall sharply. Only Global 2038 (+1.4%) and Global 2041 (+0.5%) rose. Consequently, The country risk rises 6 points to 1,250 units.
Meanwhile, the CER bonds are trading with the majority of increases. They climbed up to 1.6%, led by CUAP, PAP0 (+1.2%) and TZX28 (+0.5%). The TZX27 (-2.3%), the PARP (-1.55%) and the TX26 (-0.8%) fall.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
