He leading byma index won 0.7% to 2,301,643,220 unitswhile measured in dollars climbed 0.6% to 1,986 points. In the last seven wheels, the selective increased 16.8%.
Among the leading actions that advanced the most were Silver Commercial Society (+9.7%), Passener (+7.4%), Bank of Securities (+4.7%) and Byma (+3.8%).
In Wall Street, the Argentine papers closed with a majority of increases after the inflation data of INDEC was known. The assets that uploaded the most were those of Telecom (+2.9%), Port Central (+2%), Free market (+1.9%) and South gas transporter (+1.8%).
Bonds and Risk Country
In the fixed income segmentthe dollar bonds bounced slightly on the Buenos Aires bag, by the Global 2038 and the Bonar 2029 that rose 0.5%, escorted by the Global and Bonar 2030 (+0.4%). On the other hand, in Wall Street, the sovereign Hard Dollar debt recorded casualties of up to 0.4%, in line with the other bonds of emerging/border countries (ETF Emb: -0.3%).
He country risk It was located around the 650 basic pointsaccording to the measurement of JP Morgan.
The day the inflation fact was known, The fixed rate ended mostly positively. The LECAPS showed rises of up to 0.5%with the exception of the S28N5 (-0.6%) and the S30s5 (-0.3%). Along the same lines, boncaps increased to 0.7%.
April inflation slowed to 2.8%
Investors took inflation data well, which slowed down to 2.8% monthly In April From 3.7% registered in March, located well below market expectations (3.2%). In the first four -month period of the year, prices increased a 11.6%while the interannual variation was 47.3%.
After the deceleration of the CPI, the Minister of Economy, Luis Caputo, stressed that “Interannual inflation was the youngest in 4 years”.
“It is a positive surprise, not to mention the expectations of a month ago”he analyzed Nicolás Cappella IEB Group.
“The data is extremely positive considering that the official exchange rate A3500 jumped 11.4% in the first two days under the scheme of flotation bands, but closed April 8.7% above the level of 11/04. The least positive news arrived on the side of the nucleus: it stabilized in 3.2%, retaining the largest rhythm since September promising, suggesting that Passthrough was limited “they held from PPI.
“Inflation for the next quarter will be around the range between 2% and 3%, costing it to drill the lower band. However, We highlight as positive the decline of the CPI in a month in which there were high impact ads such as the release of the stocks and that did not move at prices such as some analysts initially estimated“He said Pablo LazzatiInsider Finance CEO.
After this data, the bonds Cer They also closed a good wheel and continued compressing yields. “The market judges this economic program for disinflation in part so that the fact that the same helps helps the real rates also reduce,” said Cappella, of Grupo IEB.
Bidding result
The Ministry of Finance placed $ 5.41 billion on Wednesday, after receiving offers for $ 6.34 billion, achieving a “rollover” of 134%. In addition, an exchange for effective value of $ 6.1 billion was made. The instruments awarded were:
- S30J5 for $ 1,984 billion at 2.60%
- S31L5 for $ 1,373 billion at 2.60%
- S28G5 for $ 0.324 billion at 2.54%
- S28N5 for $ 0234 billion at 2.52%
- T30E6 for $ 0.935 billion at 2.53%
- Tzxo6 for $ 0.559 billion at +9.44% tir
- M30A6 was declared deserted
Source: Ambito
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