The Argentine shares and bonds operated without a uniform trend This Wednesday, February 19, while The country risk exceeded 700 points. Lon investors still try to process the scandal involving the president Javier Milei for promoting an unknown cryptocurrency ($ Pound), While waiting in negotiations with the IMF for a new agreement, that could provide fresh funds to the government.
After collapsing on Monday, local actions began a recovery in their values on Tuesday, With a 6.1%jump, and the positive trend remained this Wednesday, although much more moderately.
The S&P Merval closed with a warm advance of 0.4% and ended in 2,401,579 basic points, From the hand of the actions of Telecom (+5.8%), Cablevisión (+3.6%) and Metrogas (+2%). Measured in dollars, The leading panel won 0.4% to 1,979 points.
“The Merval remains in the field of correction and accumulates setbacks of 17.3% since the last maximum (2,387 measured in dollars on January 9) and 9.3% so far in February” Analyzed Personal Investment Portfolio (PPI).
In Wall Street, meanwhile, Argentine Companies papers operated with a majority of casualties, who were headed by Ternium (-4%); Edenor (-2.6%); and South Gas Transporter (-2.5%). On the side of the increases, the assets of Telecom (+3.9%); Galicia (+0.5%); Corporation America (+0.5%).
“The political noise seized the square that evidence Wise Capital said.
In this context, the opposition said that he will submit a request for political trial against the president. Is “Too early to know if the Government will be able to deactivate the onslaught, rebuild the reputation and order the anthill, as happened with the previous undined errors, such as Davos’s speech,” The consulting firm Eco Go.
Milei will meet this Thursday with the IMF managing director, Kristalina Georgieva, In Washington, so it is speculated that The agreement would be close to announcing since the Minister of Economy, Luis Caputo, said days ago and was defining the amount.
Bonds in dollars and country risk
As for fixed income, the Sovereign debt In foreign currency it fell generalized. The greatest losses were recorded by the Global 2046 (-2%), the Global 2035 (-1.8%), and the Bonar 2041 (-1.2%).
For its part, the country risk, that measures JP Morgan, It rose 3.3% (23 units) to 719 basic points.
In Tuesday’s bond round, “If we distinguish the idiosyncratic factors of the external ones, we can say that the performance of the global (bonds) was explained by 77% by local factors,” PPI estimated.
Source: Ambito
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