Donald Trump’s assumption was a sway for global markets for the constant threats of tariffs to imports from their main commercial partners, while, at the local level the $ Libra effect shook the markets and the City claims Javier Milei novelty with the IMF.
Argentine shares and bonds closed a month for oblivion: he S&P Merval lost almost 17% In dollarswhile country risk further shot more than 25%, during February. It was the worst month in the last one and a half for local assets, when September 2023 The markets collapsed in the previous general presidential elections.
It should be noted that, the assumption of Donald Trump It was a sway for global markets due $ Pound enhanced the previous negative trend, while the City claims the government in the negotiations with the IMP by a new agreement, beyond the public statements of the parties involved.
On the last day of the month, the S&P Merval rehearsed a rebound of barely 0.6% to 2,205,800.50 basic points. Within that framework, the leading actions that promoted the most were: Pampa Energy (+4.2%), BBVA (+2.9%), and Metrogas (+2.7%); While the ones that fell the most were Passener (-2.4%), Black Loma (-2.1%) and Byma (-1.4%).
Despite this, in the month, the papers registered strong losses, among which they stood out Silver Commercial Society (-27.9%), Passener (-27.5%), and Supervielle Group (-18.7%).
As for ADRSthe main increases of the day were to Supervielle Group (+4.2%), Pampa Energy (+4.1%), BBVA (+3.2%). During February, Argentine actions in Wall Street, they yielded to 30.3% by the hand of Globantfollowed by Port Central (-19.2%) and Supervielle (-19.1%).
Bonds and Risk Country
Regarding the Fixed incomethe Bonds in dollars They added a new negative day. Those who fell most in the day were the Bonar 2041 (-0.8%), followed by Global 2041 (-0.7%), the Bonar 2029 (-0.6%), and the Bonar 2035 (-0.5%).
In February, The sovereign debt in dollars collapsed up to 8%, while the country risk shot 25.6% to 780 points, maximum from mid -November.
Source: Ambito
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