The S&P Merval posted its second consecutive decline, ending the week in the red. The local stock market’s largest stock index fell 0.1% to 2,979,065 points yesterday. The stock index therefore ends the week with a negative performance of 2.2% in pesos.
In dollar terms, the Merval fell 0.5% to $1,967 yesterday, after falling 1.2% on Thursday. In this way, the panel of local companies has fallen by 2.6% in the last five rounds in hard currency.
Shares in the leading panel closed yesterday with mixed prices. The securities of Ternium (+8.2%) and Sociedad Comercial del Plata (+2.9%) recorded more significant increases. Meanwhile, Central Puerto (-2%) and Banco de Valores (-1.4%) trended lower.
The majority of Argentine securities listed on Wall Street closed in the red in the last trading session of the week. The ADRs that declined were: Edenor (-2.8%), Banco Macro (-2.7%), Central Puerto (-2%), Pampa (-1.6%), YPF (-1.4%) and Telecom (-1.1%).
The bonds finished with gains across the board, with the debut of Bonar 29N (AN29), which outperformed its cut-off price at Wednesday’s auction, where the government received $910 million.
In the foreign exchange market, the official retail dollar closed at $1,465. While the wholesaler ended at $1,441, a weekly increase of $6. Meanwhile, the parallel exchange rate was trading at $1,445, $10 higher than last week’s closing price.
The central bank’s reserves (BCRA) closed yesterday at $41,902 million, a daily increase of $83 million, due to receipts from “a loan from the Inter-American Development Bank (IDB),” the monetary institution told this medium. For the week, box office increased by $146 million.
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