The porteño bag started rising this Tuesday, May 21, due to purchases of leading stocks, mainly in the financial sector, but due to the context generated by political tensions, falls in the middle of the wheel. Meanwhile, the dollar bonds spread the red and the risk country still remains unchanged. Argentine stocks on Wall Street operate with a majority of losses.
The reference index S&P Merval loses 0.04% to 1,534,937.390 unitsafter scoring its all-time high of 1,554,322.5 points moments after its opening and surpassing the previous top of 1,535,379.4 units achieved on Monday, when the market climbed a firm 4.2%.
Thus, among the stocks that rise the most are Cresud (+2%), Transener (+2%) and Ternium (+1.9%). And, among those that fall the most, are Macro Bank (-2.7%), BBVA Bank (-1.7%), and Galicia Financial Group (-1.6%).
Political tensions
In the midst of the diplomatic crisis with Spain, the president Javier Milei attacked again Pedro Sanchezafter the Government of the European country defined this Tuesday the definitive retirement of its ambassador in Buenos Aires, after the controversial comments of the liberal-libertarian, on Begoña Gómez on his recent visit to Madrid.
Meanwhile, this week the Senate is expected to finish the debate in committee of the Law Bases and the tax package to advance in economic deregulation that the Milei Government proclaims and a condition for the much anticipated May Pact, which has now been postponed, according to the president himself, to June 20 or July 9, when the regulations are approved.
Bonds in dollars and Argentine stocks
On Wall Street, Argentine stocks operate with the majority of declines. Those that fell the most are banking and energy: BBVA (-3.9%); Pampa Energy (-3.6%) and Galicia Financial Group (-3.4%); while the only ones that rose are Telecom and Despegar with 3% and 0.3%, respectively.
Meanwhile, the dollar bonds operate with generalized losses, which are led by the Global: Global 2041 (-3%), and Global 2035 (-2.6%).
In the peso segment, the CER they operate mixed. The main increases with for: the TZX25 (+0.9%), and the DIP0 (+0.6%). The losses, meanwhile, are for: PAP0 (-3.8%), and the PARP (-2.1%).
For their part, the Bopreal operate with generalized increases of up to 2.7%, like the dollar linked which advance up to 0.6%.
Source: Ambito
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