In this frame, Argentine shares listed on Wall Street (ADRs) operated with heavy losses: the papers most affected were those of Vista (-8%); Macro Bank (-7.2%); Free Market (-7.1%); Survival (-6.5%); and IRSA (-6.5%).
In the Buenos Aires stock market, the leading shares fell 3.4%, with the BYMA S&P Merval indicator at 80,804 points, after accumulating a decline of 2.2% last week, led by the trend of financial actions.
The most pronounced losses this Monday were observed in the papers of Northern Gas Carrier (-7.1%); Macro Bank (-6.9%); Survival (-6.4%); Transener (-6.4%); and YPF (-5.6%).
On the global level, The possibility of a Moscow invasion of Ukraine, though Russia denies any invasion plans, hit emerging markets in Europe, the Middle East and Africa.
As for the domestic, the market’s attention is focused in negotiations with the IMF. Argentina is also due to pay some $365 million to the body on February 1, before a hefty $2.9 billion due in March, with a BCRA with scant reserves.
“The eye during the week will be on any indication of progress in the negotiations or references to the payment on Friday that, if made, would set a good sign in terms of the will to close an agreement”said the SBS Group.
In the fixed income segment, sovereign bonds in dollars lose up to 5%, such is the case of Bonar 2029, which already yields more than 29% per year.
Therefore, the Argentine Country Risk climbs almost 3% to 1,972 basis points, a new record since the debt swap with private bondholders in 2020.
Source From: Ambito
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