Investors still try to process the scandal involving the president Javier Milei for promoting an unknown cryptocurrency ($ Libra)while They expect advances in negotiations with the IMF for a new agreement, which could provide fresh funds to the government.
Dollar bonds closed with most increases after the strong corrections of recent days. The ones who climbed the most were the Global 2029 (+2.1%), the Bonar 2029 (+1.1%) and the Bonar 2038 (+0.6%), while the only one that goes down is the Global 2038 (-0.6%).
“Meanwhile, another eye will continue in The recent fall of the Bonds in Dolla. In addition, another focus will be the exchange market, more specifically the CCL, a market in which, judging by the volumes operated in bonds, there would continue to be official intervention in the contributions, “Franco expanded.
Within that framework, the country risk remained above 700 points, in 719 units.
S & P Merval and Adrs
After starting the session with a slight rise, the S&P Merval went up 0.4% to 2,410,220.95 units. In that scenario, the actions of the leader panel closed mixed with casualties Edenor (-2.7%); followed by Metrogas (-2.2%) and Cresud (-1.8%). At the other extreme, the roles that uploaded the most were YPF (+3.2%); South Gas Transporter (+3%) and Byma (+23%).
Juan Manuel Francochief economist SBS groupsaid Thursday, that “after the volatility around the controversy with the freight cryptocurrency, The markets began to put the immediate focus at today’s meeting between Milei and the IMF managing director Kristalina Georgieva, To know if after the meeting there are news regarding financing or how close the agreement is. “
In Wall Street, the ADRS They noted most of them, headed by South Gas Transporter (+3.7%), YPF (+3.5%), Macro Bank (+3.2%) and Supervielle Bank (+3.1%).
Source: Ambito
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