The Argentine assets They maintained this Wednesday, July 3, an unstable business operation at a time when the city demands greater certainties to Luis Caputo’s economic plan. Thus, The S&P Merval ended in negative territory despite the fact that ADRs ended with a majority of increases. Country risk fell for the first time in 5 trading sessions and dollar bonds closed with slight gains.
He Dolar blue fell after two days of growth and closed at $1,375 for purchase and $1,405 for sale, according to a survey by Ambit in the caves of the city. For their part, the Financial dollars contracted sharplyafter two previous days marked by turbulence in the markets. The CCL dollar fell 2.4% to $1,394.29Meanwhile he MEP fell 3.2% to $1,382.50.
On this, the economist Gustavo Ber analyzed that the gap “requires rapid stabilization”from a more conservative attitude among economic agents while They expect definitions that will allow them to recover the best expectationsan ingredient that is key within the current political and economic model.”
S&P Merval and Argentine stocks in New York
The leading stock index S&P Merval from Buenos Aires lost 1.9% as a temporary closure, after improve by 2.61% in the previous session and fall by 2.5% in the previous two rounds. This leading benchmark reached a record level of 1,665,774.43 units on June 3. Among the stocks that fell the most were: Aluar (-5.6%), Southern Gas Transporter (-4.8%), and Macro Bank (-3.7%).
“The shares were down, due to the CCL effect, while the Argentine ADRs in New York were trading positively. YPFwhose share price fell by more than 2%, and Galicia Financial Groupwho fell less than 1%, were at the top of the trading volume ranking with more than $6 billion,” he said today, Mauro NatalucciAccount Executive Rava.
In USAfor its part, there was half day trading in the run-up to holiday for the 4th of July. As for Argentine companies listed on that market, the largest increases were for Supervielle Group (+3.5%), Pampa Energy (+3.1%), and Edenor (+3.1%).
Bonds and country risk
“Dollar bonds reversed a string of bad days and were able to close with average gains of 45 cents, in a round reduced by tomorrow’s holiday in the United States. With very low volume The Bopreales rose on average by 0.5%, with the volume concentrated in series 3″analyzed from SBS Group.
So, The main increases were for the Global 2029 (+2.8%), Global 2041 (+2.6%), and the Global 2041 (+2.6%). For its part, the risk country measured by the bank JP Morgan yielded 12 units to 1,521 basis pointsand in this way fell for the first time in five days, although it is still above 1,500 points.
On the other hand, Dollar linked bonds fell 1.5% on average, with good volume on TV25. “The duals Meanwhile, they continue with very little activity and remained practically flat. Going to the segment CERit was seen demand along the entire curvewhich rose by an average of 1.5%,” they said from SBS Group.
Finally, the Lecaps rose 0.2% in the short end and 0.8% in the long end of the curve. At closing prices, they yielded 40.91% TNA (12/07) and 65.62% TNA (31/03).
Source: Ambito
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