2023-05-24 21:22:30
The Buenos Aires bag added its fifth climb to the thread this Wednesday due to hedging, with the market digesting the new CCL and MEP dollar regulations that he imposed on Tuesday the National Securities Commission (CNV). Meanwhile, on Wall Street, a stock rose nearly 6%.
Thus, the leading BYMA S&P Merval index improved 0.3%, to a provisional close of 341,669.30 pointsfollowing taking intraday profits and accumulating a string of five consecutive sessions breaking all-time highs. The Merval marked a record level of 349,024.53 units the day before.
Thus, in the leading panel, the main increases were for Transportadora de Gas del Sur (+2.2%), Grupo Financiero Galicia (+2%) and Edenor (+1.6%).
After the market closed, on Tuesday, the CNV announced that it will oblige to keep the funds immobilized for at least 15 days from the moment of acquisition of dollars in the alternative places (CCL – MEP) to acquire other dollarized assets.
“The (local) doubts with new obstacles to access financial dollars and uncertainty regarding the future of the US economy are the trigger to start taking profits”said a stock trader.
On the other hand, in the external squares The negotiations of the United States Government on the debt ceiling, which were prolonged without solution, weighed heavily, fueling the general malaise in the markets. In this context, the three main indices on Wall Street fell to 0.8%.
For their part, the ADRs They ended with a majority of increases. Bioceres stood out with 5.9%. The rise occurs in line with the company’s news regarding HB4 Wheat: it added a new marketing channel and announced that it plans to double the planted area. The other main hikes were for: Transportadora de a Gas del Sur (+2.7%), and Grupo Financiero Galicia (+2.6%).
Bonds and country risk
In the fixed income segment, dollar-denominated bonds closed mixed. led the casualties the Global 2046 (-3.7%), and the Bonar 2029 (-2.3%). The increases, meanwhile, were for Global 2038 (+2.2%), and Global 2041 (+1.3%).
Thus, the country risk measured by JP Morgan rose 0.04% to 2,584 basis points.
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