In the midst of a growing exchange pressure, The bonds in dollars fell once more on this Tuesday, April 25, and the shares yielded up to 5% on the main panel of the local stock market, in line with the papers of the shares of national companies listed on Wall Street, which fell to 4 ,4%. Thus, the Argentine stock market fell due to profit taking, following the market recorded daily records in pesos as investors seek to hedge once morest inflation.

The context of political uncertainty six months before the presidential elections and economic tensions is aggravated by a historic drought that impacts the exports of a world leader in the sale of grains. “The more the gap widens, the more complex everything is for exporters (…) There is a strong bid for interests,” commented former economic official Julián Echazarreta.

In the fixed income segment, Argentine titles in hard currency fell to 6.7%, thanks to the Global 2038, followed by the AL29 (-4%) and the AL35 (-2.2%). While those that rise the most are Global 2030 (+1.8%) and Global 2029 (+1.6%). Thus, the country risk rises 15 points, to 2,634 units.

Learn more – Follow the price of the blue, official, CCL and MEP dollar in Argentina

S&P Merval y ADRs

In the leading panel, the S&P Merval rose 1.21% to 303,058.39 points, once morest an 8.72% bullish drag in the previous three rounds. The market recorded its all-time high in pesos on Monday with 300,455.82 units intraday.

This week is marked by the beginning of the season for the presentation of annual balances on the results of 2022, awaiting the results of the Ternium and Tenaris steel companies, plus those of the Vista energy company.

For their part, the Argentine papers listed on Wall Street had a bearish majority and fell to 4.41%, led by IRSA; followed by Mercado Libre (-3.46%), Banco Supervielle (-3.34%) and Despegar (-3.31%). Only Adecoagro (+0.86%), Transportadora Gas del Sur (+0.84%) and Central Puerto (+0.68%) rose on the day.