S&P Merval rebounds and dollar bonds fall, without Wall Street compass and ahead of the long weekend

S&P Merval rebounds and dollar bonds fall, without Wall Street compass and ahead of the long weekend

The leading index S&P Merval operates with a rise of 1% until 1,573,383.24 units, after falling a 1.6% in the previous session before selective profit taking.

The biggest increases are led by the shares of YPF (+2.7%); IRSA (+1.9%) and Grupo Valores (+1.9%). For its part, the only papers that go down are those of BYMA (-1.2%),BBVA (-1%); Central Puerto (-0.9%); and Cresud (-0.4%).

The holiday on Monday in our country paralyzed local activity, while on Wednesday the financial markets in the United States are closed due to the commemoration of the end of slavery, and Thursday and Friday will again be a holiday in Argentina for “Flag Day” and a festive long weekend.

“We are in a week with too much desynchronization in operations with Wall Street as a result of the respective interruptions on no less than four wheels,” said economist Gustavo Ber.

Ber noted that ““Investors continue to pay attention to political and economic signals in the post-Bases Law stage.”

Last week, the Senate approved with modifications a package of reforms promoted by the ruling party that must be endorsed by the Chamber of Deputies.

Bonuses

In the fixed income segment, dollar bonds fall up to 1.7% led by the Global 2046followed by Bonar 2041 (-1.4%), the Global 2029 (-1.2%) and the Global 2030 (-1%).

Let us remember that Argentina’s country risk closed at 1,384 points on Tuesday.

In the weight segment, the titles CER operate with a majority of increases, led by the TZX27 (+1.2%) and the TZX25 (+0.8%), while those that fell the most were PARP (-1.3%) and the CUAP (-0.7%) and the TZX28 (-0.2%).

Source: Ambito

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