Without the reference of Wall Streetwho did not operate on a holiday in the US (president’s day), the leading index of Byma fell 5.6% to 2,254,188 units, although measured in dollars collapsed 6.6% to 1,866 points, which represents the largest daily decline in the Milei era.
The actions of the leading panel collapsed to almost 8.5%, with casualties led by Black Loma (-8.1%); Port Central (-7.4%); Supervielle Group (-7.4%); Passener (-7.1%); and commercial of silver (-7.1%). No increases were recorded in the leading index.
“The market opened with casualties in shares and bonds, with setbacks of up to 7% and 3.5%, respectively. Although the selling pressure was moderated and the losses were reduced to the middle wheel, towards the closure, the casualties were accentuated again , in a day with little volume by the holiday in the US.described a Scope Matías Waitzel, president of AT Investments.
Despite the strong fall of local assets in the day, “This seems more a political noise, than something that affects the fundamentals of Argentina or its companies,” Waitzel said. In that sense, ” casualties can represent a purchase opportunity “, estimated.
For PPI, meanwhile, “We will probably see greater volatility in assets to the extent that the facts are clarified”. They warn that “A priori, this will hinder negotiations in the Senate in what is a key week to define what will happen to the suspension of the step. In the face of mid -term elections, if political weakness persists, negotiations could also be affected by lists. “
“While we don’t see a structural change, we understand that The opposition has a tangible asset to undermine the government’s position “they concluded.
This Tuesday, with the ADRs operating normally, you can see if international investors maintain the feeling “Bearish” that the premises showed during the day.
Bonds in dollars
For fixed income, meanwhile, Bonds in dollars They lost to 3.5%, with falls led by him Global 2038, the Global 2046 (-3.4%), and the Global 2041 (-3.1%).
Without operations on Wall Street this Monday, the country risk He had closed Friday at 675 points. This Tuesday, it will be key to see the first reaction of the segment to the $ LIBRA effect since on the wheel the players from abroad were absent by the holiday in the United States.
In turn, the Boppreals fell about 40 cents average, except for the 1-A strip that was almost unchanged.
Going to the segment Cer, the curve was slightly offered and the titles fell an average 0.2%.
And the segment Fixed rate closed almost without changes in the short section, but offered in the long section, with the duals by retreating 0.3%.
On the other hand, this Monday it was known that The national public sector registered a financial surplus for $ 599,753 million. This was the product of a Primary result of $ 2,434,865 million and a payment of interest in the net public debt of the Public Intra-Sector for $ 1,835,112 million.
The $ Libra scandal
The President Milei promoted Friday on his X account cryptocurrency, whose alleged purpose was project financing in Argentina. Anyway, a few hours later, after an abrupt fall in the price (which had risen strongly after the original post), the president himself clarified that “he was not internalized of the details of the project” and that “after having internalized I decided not continue to disseminate. “
For the latter, Milei erased the original post and denied being linked to the initially promoted project. The president confirmed that the project was “real.” After the noise for the situation, the president’s office published a statement confirmed that Milei had held meetings with the company that developed the cryptocurrency last October, although he clarified that Hayden Mark Daviswho “would provide technological infrastructure for their project”, “did not have or have any link with the Argentine government.”
The statement also says that Milei deleted the original post “after the repercussions that the launch of the project had and to avoid any speculation and not give it greater diffusion.” In addition, he says that “President Javier Milei has decided to immediately intervention Anti -corruption office (OA) to determine whether there was improper conduct by any member of the National Government, including the president himself “and that one will be created”Research Task Unit (UTI) in the orbit of the Presidency of the Nation “to investigate the fact.
The response from the opposition was swift, with the deputies of Union for the Homeland announcing that they will ask Milei political judgment. Other opposition spaces, such as Prothe Civic coalition and Federal Meetingthey did not support the political trial, but they did request that the facts be investigated.
Source: Ambito
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