The S&P Merval chained its third advance in line, but failed to avoid another weekly fall

Within that framework, the S&P Merval rose for the third consecutive day, climbing 1.4% to 2,387,385.73 points. Measured in dollars (CCL), the leading panel added 0.7% to 1,994.12 points.

The most important promotions of the day were crowned by the actions of Ternium (+4.9%); Metrogas (+4.6%); and cablevisión (+2.9%). The only fall, meanwhile, was recorded by the papers of Macro Bank (-0.2%).

In this way, and despite spinning three advances in a row, the Merval accumulated in the week a decrease of 1.2% in pesos and 0.8% in dollars.

Beyond this, The market closed much better than the week than had begun (Tuesday sank more than 5% in dollars). He influenced the good inflation data of January, which was lower than the City anticipated, 2.2% against 2.3% expected.

“It may seem little but intelligible is significant. This helped a rebound in the actions that came in a decline since the year began, more specifically since January 9 when the Argentine bonds paid coupon and amortization,” he told Scope Take Ambrosetti, director of Guardian Capital. For the specialist, “the inflationary deceleration path is reaffirmed on which it has been working.”

Bonds and Risk Country

In the fixed income segment, in turn, Dollar bonds operated with increases. The promotions were headed by he Global 2046 (+1%), the Global 2035 (+0.6%) and the Global 2029 (+0.6%).

Thus, the country risk, measured by JP Morgan, remained at the same levels as in the previous day, at 675 basic points.

“In the bond market it was an interesting week, which closes with some changes. Bopreal Shorter bonds that were performing about 7% per year in dollars, are already between 9 and 10%.Ambosetti analyzed.