On a day of high volatility that began with losses for most assets, influenced by worrying external winds due to the increase in interest rates.
The BBuenos Aires Trade Pool added three consecutive days of profits and jumped 3.2% this Wednesday January 25.
The ADR, in turn, led to the largest increases. For their part, government subbonds denominated in Dollars ended mixed, while sovereign risk remained above the 1,800 basis points.
This happened on a day of high volatility which started with losses for the majority of companies influenced by external winds opposite to the increase in interest rates.
The stock market resumed an upward trajectory, driven by the evolution of financial stocks, which fueled the appreciation of 3,16% of the main S&P Merval index, which was located in 260,073.57 points.
The national activity index atingiu or record of 267,244.18 units Last week, recording a solid performance 28.7% this year.
In the same way, among the highest registers of the first painel, we highlight Edenor (+9.7%), Telecom Argentina (+8.2%) and Central Port (+6.9%).
For their part, the Argentine stocks listed in Wall Street rose 10.3% thanks to Edenor, Group Supervielle (+7.8%) and Irsa (+7.3%)In contrast, the fall of Globant was 4.2%.
The main indices, for their part, experienced another day of small ups and downs this Wednesday after the presentation of the balance sheets of companies with small profits.
Bonds and country risk
On the debt side, dollar-denominated government bonds finished mixed. The biggest drop was for Bonar 2041 (-1.6%) and the main increase was for the Bonar 2030 (+1.3%).
For their part, in heavy bonds, sovereign bonds denominated in dollars They once again presented a mixed performance.
On the dual side, the overall curve was slightly lower, with an average drop 0.1%. In the segment CER, both Leceres and Bonceres closed upwards on the curve, adding a 0.5% on average.
Meanwhile, the country risk measured by JP Morgan rose 0.1% to 1,834 basis points.
“The devaluation of the official exchange rate has accelerated to a rate of 5.3% monthly,” said Cohen, a clearing and settlement agent.
And the report adds: “In response, the sub-bond buyback program enabled a sharp increase in global dollar sub-bonds, achieving constant daily stabilization in financial dollars.”
This is part of what was announced by the Minister of Economy, Sergio Massas, who said last week that the country would buy back around US$ 1 billion in external debt.
“On Tuesday, the market had the second highest trading volume of the title 2030) 'GD30C', where we believe that the largest intervention by the Central Bank (BCRA) will occur,” said Portfolio Personal Inversiones and added: “Based on the traded volume in BYMA (Bolsas y Mercados Argentinos) in dollars drawn, we estimate that the total amount allocated by the BCRA currently amounts to approximately US$ 258 million (as of January 24).”
For their part, sovereign bonds indexed to dollar They returned to mixed operations. On the dual side, the overall curve was slightly lower, with a drop 0.1% average.
In it CER segment, both Leceres and Bonceres finish positively in all the curves, with a rise 0.5% average.