Argentine shares and bonds closed with losses this Monday, April 28, with investors attentive to the performance of the official dollar, which operated with some volatility and without intervention, at the beginning of the third week after the flexibility of the exchange system, next to a millionaire new disbursement specified with the International Monetary Fund (IMF).
In that context, the S&P Merval It fell 2.1% to 2,179,248.63 basic points. Thus, the leading actions who headed the setbacks were: Cresud (-4.7%), IRSA (-3.8%), and Pampa Energy (-3.3%).
In Wall Street, Argentine actions closed with generalized casualties, up to 3.6%, led by Cresud, IRSA (-3.2%). and Pampa Energía (-3.1%).
Bonds and Risk Country
In the fixed income segment, the dollar bonds recorded most losses. The most outgoing was the Global 2038 (-1.1%), followed by the Bonar 2038 (-0.8%) and the Global 2041 (-0.7%).
Within that framework, the country riskindex that measures JP Morgan, It rose 2.5% to 710 basic points.
What do the protagonists of the City say about what could come
For Gustavo Ber The day on Monday began to incorporate the Electoral calendar Beyond the novelties in the exchange front. This was stated by the economist: “Despite the positive momentum generated from the positive mood of investors by successive progress in the road map, attention has been growing regarding political climate in view of the agitated electoral calendar aheadwhere beyond recognizing that the final battle will be the October elections, readings of the provincial elections could be opened. “
For its part, to Personal Investment Portfolio (PPI)this week will continue to be Key see how the dollar moves. “All eyes will be put in the rhythm of liquidations of agriculturewhich should begin to accelerate since we are in the high seasonality period of thick harvest liquidation“They said from this Bolsa house.
It should be noted that President Javier Milei said that the Central Bank (BCRA) will not buy dollars for their reservations until the price of the currency touches the lower part of a flotation band set between $ 1,000 and $ 1,400. “The economic team is confident that the wholesale exchange rate will converge to the floor and are doing everything possible to make this happen,” said Inveq Consulting.
Finally, Nicolas Cappella de IEB said that the market seems to be aware that it is a short week since little movement was seen in the wheel. The dollar remained stable both in the Mulc and the financial, MEP and CCL. “The relevant came because there were times when the MEP was below the officer. Likewise, there is still the sale of Rofex April below the spot,” he said.
In turn, he contributed that this week will be estimates of consultants on April inflation. The vast majority have reviewed their estimates and consensus would be around 3% for the month of Aprilless than 3.7% last month.
Source: Ambito
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