In summer, the S&P Merva indexHe broke the bullish momentum and maintained the momentum at the beginning of the week.
The Argentine assets, which include subbonds in dollars and stocks, they fell strongly, the profit taking is seen this Monday January 30 in a market that closely follows the path of weight between alternative exchanges, at a time when institutional investors await decisions on monetary politics, policies on a global scale.
The main index S&P Merval fell 3.3% to a closure tentative 245,875.13 points, ending a five-round bull run in which it accumulated a improvement of 11,19%, Merval reached an all-time high of 267,244.18 units.
Shares of energy companies listed on the Leaders Panel of the Buenos Aires Stock Exchange fell 4% and 3.9% for Edenor and Pampa Energía, respectively.
Meanwhile, in Wall Street, the ADRs of Argentine companies were the ones that fell the most, in one day the Free market and Edenor led this series with a drop of 4.9%, followed by Cresud with 4.7%.
“Given the development they have had in the last month, it can be considered 'normal' for their prices to drop in the short term,” said Ayelen Romero, of Rava Bursátil.
“YPF continues to be in the news, although it was not the highlight of last week, the great progress of Vaca Muerta and the increase in investment in this project make YPF increasingly attractive to investors,” he estimated.
On the day, the state oil tanker fell 1.1%, but accumulates earnings of 34.2% so far in January.
On the other hand, external markets fell with probable increases in interest rates in EEurope and the US due to inflationary pressures.
The technology sector was among the biggest losers of the day. The S&P 500 index fell 1.3% to 4.018,18, while the Nasdaq Composite fell one 1.9% to close at 11,393.81.
Meanwhile, the Industrial Average Dow Jones fell 0.7% to 33,723.61 points.
“Domestic assets are more likely to enter a deferred earnings process after a significant increase in retained earnings. It is a healthy and favorable step,” evaluates Gustavo Ber, from Estúdio Ber.
Country danger and Argentine bonds
The country risk processed by the bank JP Morgan fell 0.3% to 1,815 basis points, and bonds denominated in Argentine dollars will show a decided downward trend, leaving 1.7%. Global 2041 and Bonner 2038. Global 2030 (+1%) grew faster.
“Investors believe that at the current parity it can function as a superior cycle while they wait for more positive political and economic signals,” evaluates Gustavo Behr.
Dollar-indexed government subtitles will stand out in volume on TV23, that fell 0.15%, the duals, for their part, will show good non-general demand and date with an increase average of 0.15%.
Finally, CER-adjusted bonds will approach the Leceres point, while Bonceres presents a mixed performance, alternating ups and downs throughout the curve communicated to SBS Group.
Conclusion: Market volatility remains
The conclusion of the two consecutive falls of the S&P Merval and the fall of Wall Street ADR at 5% is that market volatility continues.
As investors seek economic stability, uncertainty continues to lurk in the background; However, resilient markets remain a viable option for many investors looking to diversify their portfolios.
As seen today with the fall of the S&P Merval and the fall of Wall Street ADRs to 5%, it is clear that market volatility persists.
The fluctuation of stocks can be attributed to a myriad of factors, such as political developments, uncertainty Geopolitics and changing economic forecasts.
As a result, investors should remain vigilant and evaluate potential investment opportunities within your given risk tolerance.
In light of this latest development in the financial markets, it is evident that the market volatility will continue being a constant problem for some time.