The local companies closed with a majority of casualties, although the papers rose in the foreign square. The bonds, meanwhile, rose up to 1.2%.
In a highly volatile wheel, Argentine actions They fell up to 4.7% this Wednesday, May 28, while the Bonds in dollars They also closed with increases 1.2% In the previous tender of the Bonus in pesos to foreign investors.
In parallel, the S&P Merval fought to stay in positive terrain, but closed with a red of 0.5% to 2,344,329.52 units. The papers finished mixed, among which the casualties of Passener (+4.7%), Metrogas (+2.6%) and Bank of Securities (+2%), while the casualties of Black Loma (-4.9%), Supervielle Group (-4%) and Silver Commercial Society (-2.6%).
In Wall Streetlocal actions fell to 4.7% hand in hand Black Lomafollowed by Supervielle Group (-4.6%), Macro Bank (2%) and Port Central (-1.4%). At the other extreme, the electricity uploaded: YPF (+1.1%), Edenor (0.7%), and Pampa Energy (+0.2%).
Grupo Galicia reported profits below expectation
Galicia Financial Group (Ggal)the largest private sector bank in Argentina for total assets, reported a fall in the 51% in his Interest net during the first quarter of 2025, although tripled his provisions for credit losses And his net gain was 20.6%below market estimates.
In the first quarter of the year, Gal registered operational income from $ 1,459,999 million (-47%), explained mainly by interest results by $ 1,061,752 million (-51%), net result by commissions by $ 361,860 million (+43%) and a net result of financial instruments by $ 243,435 million (-27%), compensated with higher positions for Unknowability for $ 404,101 million (+200%). Discounting operating expenses, which include staff benefits (+15%) and administration expenses (+43%) as the main components, the group’s operational result reached $ 614,124 million (-67%). Finally, subtracting losses from inflation adjustment of $ 392,704 million, the negative result of associated for $ 3,743 million and the income tax ($ 71,651 million), the result of the year amounted to $ 146,026 millions (-63%).
Balance figures, expressed in constant pesos, show the Impact of the transition of banks from large positions in public titles with high yields towards their organic role as lenders With less profitability.
The high profitability that guaranteed the Treasury bonds and Central Bank Lyrics during the government of Alberto Fernández They were part of a strategy of removing weights as an attempt to stop galloping inflation. With the casualties of Javier Mileifinancial institutions were forced to reward credit.
Bonds
After the announcement of the Finance Secretariat of the New dedicated bond for foreignersthe market awaits attentive to the tender on Wednesday at the close of the wheel. In that line, in the fixed income segment, the Sovereign debt In dollars it rose 1.2% hand in the Bonar 2038followed by Global 2029, Bonar 2030 and 2035 They climbed 1.1%.
The Ministry of Economy announced on Monday that it will offer a bonte bonus in pesos to foreign investors in search of capturing up to US $1 billion To allocate to strengthen reservations, marking Argentina’s return to the international debt market.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
