The fixed income in foreign currency rose for the second consecutive day, while the ADRs closed with a majority of increases. On the previous day, the secretary of the Treasury, John Besent, said that in the case of an external shock, the US would provide financial assistance to Argentina, which promoted the “Hard Dollar” titles.
An action of S&P Merval 11.3% rose this Wednesday, April 23, after Bofa Securities Raise the rating of the papers. In that context, Bonds in dollars They rose again, like the variable income. On the previous day, the US Treasury Secretary, John Besentconfirmed that, in case of an external shock, The US would provide financial assistance to Argentina, which propelled the titles “Hard Dollar.”
Within that framework, the S&P Merval advanced 3.5% 2,239,401,91 basic points, while in dollars it rose only 1% for the rise of CCL. Thus, the roles that climbed the most were those of Black Loma (+11.3%), Passener (+8.8%), Aluar (+6.4%), Stock Exchange (+6.1%) and Edenor (+5.9%). The only one that fell was Cresud (-1.8%).
As for ADRSthe main rise was for Black Loma (+8%), Edenor (+3.2%), and BBVA (+3%).
Bofa raised the qualification of Loma Negra’s actions
Bofa Securities raised the qualification of Black Loma (Nyse: hill) of Neutral to Buys. Next to this improvement, the firm also increased its objective price to u $ s14.00, above US $ 11,50 above.
The action closed to US $ 11,63 With a market capitalization of 1.36 Millions of dollars. This way, KNOLL He already gave up 63.6% During the last year.
Best external climate
On the external front there is a better investment humor, European stock markets rose since investors felt relieved after United States President Donald Trump said he does not plan to say goodbye to the Federal Reserve Chief and hinted at a reduction of tariffs to China.
“Trump’s most friendly signals regarding Powell and tariffs are welcome by the operators, And so Wall Street seeks to extend the technical rebound, while the macro data and the progress of the corporate balances season are closely monitored, “said the economist Gustavo Ber.
The expert assured that “Said northern envy” He had an immediate positive correlation in the dynamics of domestic assets, “since they have been gaining correlation with the external climate lately from the greatest global integration in the country, to which it adds The strong financial support provided by the US Treasury Secretary. “
And, he concluded: “All this is combined with the positive response that has been awakening The liberation of the stocks and the important agreement with the IMFsince they favorably feedback the economic road map, which investors expect to be ratified through the back of the polls. “
Country risk and dollar bonds
The Bonds in dollars They closed mixed with rises of up to 1.8% hand in the Bonar 2029, he Global 2046 and the Bonar 2038both with 1%increases. Among the casualties were the Global 2029 (-1.4%) and the Global 2030 (-1%). As for the country riskit was located at 720 basic points.
Source: Ambito
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