Financial entities lead December gains, in an impressive bullish rally. And, on this day, they once again show strong increases.
After a strong correction in the previous day, the equity Argentina once again operated upwards. The banks rise up to 5% in the local stock market and accumulate earnings up to 40% in December. The fixed income, Meanwhile, it is trading unevenly while the country risk is positioned at below 700 points, at 673.
He S&P Merval it advances 2.9% to 2,668,240.750 basis points. In this context, the biggest increases are for Macro Bank (+5.2%), Supervielle Bank (+4.5%), and BBVA Bank (+3.8%). In a month they climb to almost 40%, hand in hand with Macro Bank (+38%), Supervielle (+37.6%), Galicia Financial Group (+29.4%), and BBVA Bank (+23.2%).
From IEBin one of their reports, stated that “we believe that if we continue along this path of compression in country risk levels and improvement in macroeconomic conditions, the S&P Merval can head towards new highs in dollars that exceed those seen in 2018″.
Country risk and fixed income
Dollar bonds opened the day mixed but, as the wheel evolved, they began to trade mostly negative. In this framework, the main losses are for: Global 2041 (-0.9%), the Bonar 2035 (-0.9%), and the Bonar 2029 (-0.7%). In this framework, the country risk is located at 678 basis points.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
