In the Buenos Aires stock market, the leading shares fell 2.5%, 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 declines this Monday were observed in the papers of Northern Gas Carrier (-7.1%); Macro Bank (-6.3%); Transener (-6.2%); Central Port (-5.6%); and Aluar (-5.3%).
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, for its part, the market’s attention is still on 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 lost up to 4.1%, such was the case of Bonar 2029, which already yields more than 29% per year.
Thus, The Argentine Country Risk climbed almost 2.5% to 1,962 basis points, a new record since the debt swap with private bondholders in 2020.
Source From: Ambito
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