Argentine bond and stock prices fell sharply today, Amidst profit taking operations triggered by a bad day in global markets.
Undo that The Qatari risk ratio increased by 2.3% (closed at 619 points) It lost 3.5% against the Standard & Poor’s Merval Index on the Buenos Aires Stock Exchange, However, this did not bother the dollar -After the bullish opening- It closed at an average of $1,430 for retail sales ($-5 or -0.3%) and $1,406 at the wholesale level ($6 or -0.43%).
This means, The ticket continues to be displayed In the exchange market, whose business volume reached 544.5 million US dollars, meaning that the business volume is 18.5% higher than yesterday and is the highest so far this week.
Analysts attribute this to Calm exchange Which hit the blue dollar (which remained stable at $1435), and the sudden rearrangement of expectations that occurred in the market after the official victory in the last elections and expectations that now include a more balanced market, This is thanks to the new influx of financial dollars that comes from debt placements made by local companies abroad.
It is worth remembering that Just between YPF, Pluspetrol, Pampa Energía and Tecpetrol, they have already captured US$2,200 million from the global market. These are resources that, by regulation, must mostly be converted into pesos in the local market, due to current regulations. There are many other tests that test the global willingness to face new situations.
On the contrary, financial dollars moved upward, which can be explained mainly by the general decline with which bonds and stocks were traded.. So the MEP or exchange dollar rose from $1,451.9 to 1,458.2 (+0.43%) and Cash with Settlement (CCL) rose to $1,484 (+0.7%), revealing a capital reversion outward driven by the outbreak of risk aversion that emerged during the day in the world and was reflected in the average 2% decline with which the Wall Street indices closed.
Affected by this, the most benchmark Argentine dollar bonds fell by 0.5% on average abroad (The downward revision was from 1.4% to 1.9% locally, supported by the decline in the dollar). Domestic stocks operated – via ADR – in New York closed in general red, including shares Banco Supervielle (-6.7%), Edenor (-4.3%) and the rest of the banks fell 4% on average.
“It was a day when everything came together for the red closures we saw: we must remember that, locally and on Wall Street, Investors have been recording very good profits in recent roundsThis is always a favorable precedent for selling and manufacturing in case of the slightest doubt, explained one of the market operators.
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