2023-08-08 17:43:40
He blue dollar in the days before the elections was very volatile but how do these sudden changes in the exchange rate affect the local stock and bond market? To answer this question, in the segment Pass Screen, this medium contacted loneliness lopez Rava Bursátil analyst, who explained what is happening in the stock market.
The The specialist commented that there was an operation that caused the value of the AL30 bond to fall, although little by little it was recovering value. In other words, in the case of an operation to calm the exchange market, the task was not achieved. “What he did was a stronger rebound than we had at the time of the loss.”indicated.
“The intervention today is terrible, the volumes operated are very high“, López reported. Then he added: “What we do see is the intention to mark the exchange rates that continue to rise, because Cash with Liquidation exceeded 600 pesos and is around 605″.
For his part, “the Merval index is rising 1% in dollars and 2.5% in pesos,” confirmed the Rava Bursátil analyst. For his part, “Argentine ADRs are rising with the US market down 1%”he commented.
While at the level of actions at the local level, YPF rises around 4%, Galicia is close to reaching 5%. Meanwhile, Pampa Energía rises almost 3% on this day.
1691517345
#Stocks #bonds #soar #blue #dollar #volatility