In the previous day, local equity rose but there were no quotes on Wall Street due to the Thanksgiving Holiday in the US.
The S&P Merval is trading higher again for the second day in a row and is on track to close the month with an increase of 20%, measured in pesos, and more than 26% measured in foreign currency. This day, however, ADRs are trading mostly down, after both the stock and bond markets were closed in New York on Thursday. on Thanksgiving Day.
This Friday, however, operations resumed but will end early: Wall Street will close at 1 pm and bonds at 2 pm US time. That is, 3 pm and 4 pm Argentina time respectively.
In that framework, the S&P Merval It advances 0.3% to 2,238,506.57 points, while in dollars it rises to 2,020.70 points. Among the leading stocks that rise the most are: Cresud (+4.2%), Black Hill (+2.8%) and Cablevision (+2.5%).
As for the Argentine companies listed on Wall Street, those that have fallen the most this day are BBVA Bank and Free market with -3.1% and America c Corporationat 2.3%.
Tender: how was the result
The Ministry of Economy awarded $5.81 billion on Wednesday in the last tender in November although it had received offers for $6.58 billion.“The Treasury was generous regarding rates, offering between +10/+14 basis points above the secondary market reference before the auction conditions were known”they explained from PPI.
As Pablo Quirno mentioned on his networks, This placement made it possible to extend the terms, reducing refinancing costs. In turn, the surplus of $1.59 trillion will be deposited in the Treasury account at the Central Bank.
Specifically, amounts were awarded in all tendered deadlines. Sothe cut-off rates were 2.95% and 2.7% of TEM for the reopening of the Lecaps in mid-May and the BONCAP in October, respectively, and 2.6% for the new BONCAP in February. For its part, the rates of the CER bonds for March and October 2026 fell at CER+8.2% and CER+8.5%, remaining slightly above the secondary market.
Source: Ambito
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