The low argentine stock market this Thursday, May 16, due to quick profit-taking after two days of firm prices that can be observed from the recent interest rate reduction ordered by the Central Bank (BCRA).
He leading index S&P Merval loses 1.21% to 1,459,950.57 unitsafter increasing 7.32% between Tuesday and Wednesday, one week after scoring its intraday record of 1,505,718.34 points.
Companies fall on the local stock market
Shares are trading with a majority of declines in the local market and fell up to 3.59%, led by Telecom; Transportadora de Gas del Sur (-3.27%) and Banco Macro (-2.26%). Those that rose are Mirgor (+2.58%), Transener (+2.27%) and Bolsas y Mercados Argentinos (+1.65%).
He Minister of Economy, Luis Caputo, said on Wednesday that the country will register “some” financial surpluswhich would be the fourth consecutive month without a fiscal deficit.
During a television interview, he added that Argentina has not sought external financing so far and that will now begin dialogue with the International Monetary Fund (IMF) about a new economic program.
Argentine shares on Wall Street
In that context, Local stocks are trading with a majority of losses on Wall Street. The papers that fall the most are BBVA (-4.56%), Telecom (-3.26%) and Cresud (-3.19%). Meanwhile, only Despegar (+1.94%) and Mercado Libre (+0.72%) have an upward trend.
The Sovereign bonds in dollars, for their part, also have a negative trend this Thursday. They fall up to 1.1%. The one that lost the most is the AL30, followed by the Global 2025 (-1%) and the Al 35 (-1%). Meanwhile, those that rise are Global 2041 (+1.2%), Global 2029 (+0.4%) and Global 2046 (+0.2%).
The CER bonds are majority in green this Thursday. The CUAP is the one that rises the most (+2.5%), followed by the TZX26 (+0.2%) and the TX26 (+0.2%). Those that fall are DIP0 (-1.7%), TZX27 (-1.5%) and TX28 (.0.8%).
Source: Ambito
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