2023-11-20 15:33:54
Stocks and sovereign bonds listed on the New York Stock Exchange showed positive results with strong increases in some papers that exceeded 10%, after the victory of Javier Milei in the runoff that consecrated him president-elect.
On Wall Street the increases in ADRs They were led by Grupo Supervielle with a growth of 13.17%.
They were followed by Transportadora de Gas del Sur, 12.43%; Galicia Financial Group, 11.92%; Loma Negra, 9.43%; Telecom, 5.81% and BBVA, and 5.67%.
For their part, sovereign bonds governed by the New York Law and also by Argentine legislation climbed above 4%.
Between the bonuses Globally, those that increased the most reached 4.25%, as in the case of the security maturing in 2035, and those that gained the least did so by 2.44%, such as the Global 2030.
At noon, dollar bonds and Argentine stocks were trading higher on Wall Street, “encouraged by his promises to usher in radical restructuring of the second largest economy in South America,” according to Bloomberg.
In this way, sovereign bonds in dollars and shares of Argentine companies listed on Wall Street continued to rise today, and particularly, “bonds maturing in 2041, jumped from 1.9
cents on the dollar to 30 cents, in the largest intraday gain since January and Shares of the state oil drilling company YPF listed in the United States gained 17% in operations in New York.
On the other hand, according to Bloomberg, “Morgan Stanley expects Argentine stocks and bonds to react positively to the election of Javier Milei, while “predicts an adjustment of close to 80% in the official exchange rate in December.”
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#YPF #jumped