Friday , January 27 2023

Merval sank 2.7% at the rate of risk increase of the country, marking another record



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Merval's index of Argentinian stock exchanges and markets (BIMA) lost 2.7% to 28,456.92 points, which is the lowest level for two months, under limited operation not only because of the investment apathy, but also because of the smaller participation of the operator due to the closeness of the holiday. In this way, the lead panel has accused a a collapse of 8.5% a week.

The financial sector's actions were the heaviest hit days: Supervielle sunk 5.6%; Banco Francis, 5.3%; Galicia, 4.2%; and Banco Macro, 3.3%.

There were also important breakthroughs in roles Mirgor (-4.5%); Petrobras Brazil (-4.1%); and Comercial del Plata (-3.3%).

The new skidding happened at the moment when Argentina's risk in the country has risen to 821 base points, 19 units more than before, to become the highest level since October 2014.

"A new leap in the country's risk reflects the great distrust that investors currently display in local assets", commented on the operator.

On the other hand, the indices Dov Jones and Nasdaq closed their worst week on Friday at 10 in Vall Street for concern over the growth, a threat to the government's closure in Washington and a trade war.

Dov, the leading stock index in New York, dropped 1.8% to 22,437.48 points, while Nasdak, a technology leader, lost 3% to 6,332.99 points. Both indicators fell by 6.8% and 8.4% during the week.

Bonuses already give 15%

In the segment of fixed income, the main bonds in dollars They deepened their downward trend, with some titles in the middle segment reaching a yield of 15%.

Bonar 2024 crashed, with a fall of 2.2%.

Other strong crashes suffered them Global 2037 (-1.7%); Couple according to the Argentinean law (-1.7%), multi-year bond (-1.6%); and the Bonar 2020 (-1.4%).

"A very high level of risk for the country creates a strong sale of securities, as investors are concerned about political risk and" refinancing risk "after IMF funds expire in 2020, explained economist Gustavo Ber.

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