The leading stock index S&P Merval loses 1.2% and stands at 1,623,344.53 units.
The dollar bonds and Argentine stocks that operate in Wall Street they drop up to 5% this Friday May 31 by profit taking. Meanwhile, the porteño bag also gives way, after the Senate advance in the procedures to vote on the so-called Law Bases and the tax package promoted by the president Javier Milei.
Now it is expected that the Senate debate the official proposals, which seek to deregulate the economy and open the markets, among other points, next week in the venue and the operators do not rule out that the market will register selective intraday losses on the day this Friday.
The stock index leader S&P Merval loses 1.2% and is located in 1,623,344.53 units, after skyrocketing 4.8% during the previous session. Among the actions of the leading panel, those that fell the most are those of Silver Commercial Society (-4.1%); Supervielle Bank (-2.8%); Northern Gas Carrier (-2.6%); Edenor (-2.6%) and Macro Bank (-2.4%). The only ones that go up are those of Stock Exchange (-0.6%); IRSA (-0.5%) and Cresud (-0.2%).
The expectation by the law Bases
“The progress in the Senate, after intense political negotiations, immediately has a positive impact on domestic assets, since it is a positive signal for investors who are eagerly waiting to finally close this prolonged parliamentary stage,” said an economist.
Bonds and ADRs
In the fixed income segment, dollar bonds fall down 4.3% led by the Global 2038followed by Global 2041 and the Bonar 2041 (-2%) without any rising securities.
Meanwhile, the CER operate with majorities of casualties led by the DIP0 (-2.6%), the TX28 (-1.2%) and the DICP (-0.8%), while those that rose the most were CUAP (+0.8%) and the PARP (+0.4%). For their part, the dollar linked fall and BOPREAL they go up
Finally the Argentine stocks listed on Wall Street operate with generalized falls, those that give in the most are Cluster Supervielle (-4.4%); Gas Carrier (-3.8%) and Edenor (-3.7%). Just move forward Bioceres (+23%).
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.
