In the leading panel, the gains are led by Cablevisión (6.6%), YPF (4.1%) and Central Puerto (2.8%). Grupo Financiero Galicia (GGAL) operates with a 1.8% increase after announcing a net result of $8,991 million in the fourth quarter of 2021, doubling what was achieved in the same period of 2020.
As for the losses, the shares of Ternium Argentina (TXAR) collapsed 12.7% on Wall Street after having reported a profit of $36,417 million in the quarterly balance. The result represents a year-on-year growth of 158% but a slowdown compared to the previous three months, largely due to a 7% drop in shipments as a result of a decrease in exports, partially offset by the increase in the sale price local.
Economy Minister Martín Guzmán assured that the draft agreement with the IMF will be sent for legislative treatment with “annexes that will contain all the documents” and “details” of the understanding reached with the institution.
“Investors remain attentive to parliamentary negotiations in search of obtaining the necessary support to approve the agreement,” said economist Gustavo Ber. “This validation happens soon, it is important in order to be able to close said understanding and also before the next maturities of March 22 (for about US $ 2,900 million)”.
Bonds and country risk
In the fixed income segment, sovereign bonds in dollars climb up to 2% after improvements the day before, due to speculative taking of positions pending a soon announcement according to the multilateral credit organization.
Looking ahead to the coming weeks, a decisive cocktail appears for dollar securities: on the one hand, the eventual start of a global war or escape through diplomatic channels, and on the other, the rapid approval in Congress of the new agreement with the IMF or the cessation of payments if the ruling party does not get the necessary votes,” said the StoneX brokerage.
The country risk prepared by the JP Morgan bank fell 28 units to 1,734 basis points, the lowest since February 2.
In the curve of bonds in pesos indexed to the CER, most increases are verified after knowing the official inflation data from INDEC. In January, prices rose 3.9%, their highest monthly rate since April 2021. Food recorded its highest increase since the end of 2019, mainly due to seasonal increases in fruits and vegetables, but also with adjustments in other mass consumption products. .
Source: Ambito
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