The roles that grew the most were those of Byma, Loma Negra and Transener. On the contrary, the sovereign titles fell.
No reference of Wall Street By the holiday “Memorial Day”the S&P MERVAL ACTIONS They started the rise week and continue with the Alcista Trend achieved after the minister Luis Caputo will announce an ambitious plan to achieve “release” The dollars that are outside the official market. On the contrary, sovereign bonds went back.
He S&P Merval He advanced 1.1% to 2,370,800.08 basic pointswhile among the leading actions that advanced the most they stood out Byma (+4.6%), Black Loma (+3.1%), Passener (+3%), Port Central (+2.8%) and Ternium (+2.8%). Measured in dollars, it reached 2,061.99 units, record since February 6.
In the fixed income segment, the Sovereign titles They scored a majority from the hand of the Global 2030 (-1.1%), followed by Bonar 2030 (-0.6%) and the Global 2029 (-0.5%).
Meanwhile, the country risk It was located on Friday around 665 basic pointsaccording to JP Morgan.
How the market was taken on the “savings” of the Argentines
“Government measures aim to facilitate transactions in dollars, mainly making certain restrictions and information requirements more flexible,”Said Roberto Manager of Adcap.
“If they are successful, they could lead to a greater bankingand loans Through the Central Bank (BCRA) it would continue to accumulate reservations. The great difficulty is to change the Argentine culture, where the dollar is a savings currency and not of daily transactions, “he added.
For its part, to Invecq Consulting“the new norms look reasonable to reduce inconductive administrative loads, but their ads were mixed with references to an eventual suspension of patrimonial justification for tax purposes that would not have legal foundations.”
Source: Ambito
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