Yesterday afternoon, the White House announced a historic trade agreement with Argentina, after months of negotiations with the United States. The news had a positive impact on shares of companies related to agricultural industries and the steel sector.The items that will benefit most from the trade agreement.
In a rush of red numbers at the international level, The Buenos Aires stock market is breaking away from this trend and showing a rise of 2.4%. By afternoon, it was trading at 2,952,905 units, equivalent to $1,983 when adjusted to the dollar calculated with settlement.
When observing the leading panel, made up of companies with the largest volume of operations in the market, it stands out PBVA (+5%), Metrogas (+4.1%) Aluminum Company Alwar (+3.6%), Black Hill (+3.5%) and Silver Trade Association (+3.3%). Steel product tranium, Which the news might also like, is up 2.8%.
However, the biggest increases today occurred in the general board, led by field-related actions. The zest is noticeable in citrus leaves saint michael, An increase of 22.8%, and also in Sociedad Imp. y exp. de la Patagonia (La Anónima), with an increase of 13.71%, and The right investor (12.2%).
This strong demand from the agricultural industry comes in direct response to the White House statement, which committed to improving access to beef and a “wide range of agricultural products”.. The market views this opening as the beginning of a new era of export expansion for this sector, which will benefit from privileged access to the competitive North American market.
“Through the trade agreement with the United States, The optimism is due to the strengthening of the market opening And systems to facilitate trade. In this context, the country seeks to crystallize investments in the face of this opportunity to expand the exportable market.” Chief Investment Officer From Wise Capital.
On the other hand, the Sovereign debt securities It is dyed green. Bonaries show increases of 1.11% (AL30D) and Globals up to 0.78% (GD35D). Country risk closed on Thursday at 615 basis points. While analysts expect the index to ease pressure further in the coming months, which is necessary for Argentina to refinance upcoming debt maturities.
“If we can reduce the risks to the country to the levels of Macri’s best moments, we could be talking about Merval above 2,500 points.”which will take us to a new record. The expectation is that if conditions are maintained and well managed, hThere is plenty of room for growth for Argentine assets Then the indicators will continue to improve,” predicted Gustavo Araujo, cSearch header Of the standards.
Focusing on the exchange market, and Official dollar It is trading at $1,430 on Banco Nación, the same value compared to the previous close. The average price is $1,433.26, according to the BCRA survey.
he The official wholesale exchange rate is US$1,404.92, This equates to a daily decrease of $3.13 (-0.22%). This week, the government repeatedly stated that the exchange rate scheme will not be adjusted and that the exchange bands have been “calibrated”, with a floor currently at US$930.82 and a ceiling of US$1,502.98.
the Financial exchange rates They work differently. on the one hand, European Parliament dollar It appears on the capital market screens at $1,455.74, down $6.30 compared to Thursday (-0.4%). On the other hand, the Cash with settlement (CCL) Offered at $2.05 and selling at $1,488.61 (+0.1%).
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