The BYMA’s leading S&P Merval index falls 0.2% to 82,607 units, after falling 2.1% in the previous session. The main casualties are registered by Banco Galicia (2.6%), BBVA (1.7%) and Mirgor (0.85), while the increases are led by Holcim (3.6%), Edenor (1.8%) and Transportadora de Gas del Sur (1.5%).
On Wall Street, the main losses are registered by the shares of BBVA (5.6%), Irsa (5.2%) and Banco Galicia (4%)
Investors, meanwhile, are closely following the slow negotiations with the IMF to reschedule a millionaire debt and the news surrounding the increases in Covid-19 cases both in Argentina and in the rest of the world.
“The Argentine government has full interest in closing an agreement as quickly as possible based on an economic policy scheme that will allow the country to continue on the path of recovery and reducing inflation,” said the Minister of Economy Martín Guzmán in an interview with the newspaper El País.
On the other hand, sovereign bonds in the OTC market operated with an average improvement of 0.2%, led by those nominated in dollars.
The country risk prepared by the JP Morgan bank remained balanced around 1,716 basis points.
On Monday the Ministry of Economy called the last tender for debt in pesos in 2021. This time it will make eight titles available to investors; a very short-term letter destined exclusively to Common Investment Funds, three letters at a discount (fixed rate), a bond at Badlar Rate + 5.25%, and three instruments tied to inflation.
Through these assets, the portfolio led by Martín Guzmán will seek to cover the $ 280,000 million that expire on the last day of the year. It is worth remembering that in the previous tenders the Treasury accumulated a net financing of more than $ 100,000 million. In this way, it seeks to reduce dependence on monetary issuance to finance the fiscal deficit.
Weekly financial activity in Argentina will run until Thursday, due to the December 31 holiday, on New Year’s Eve.
Source From: Ambito
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