Sunday , January 29 2023

Merval sank by 2.7% at the country's risk-rate increase rate, 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 leading panel accused him 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 in vpsera, 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.

In return, Dow Jones dropped 0.8% in facing more global repudiation after the US Federal Reserve raised the interest rate.

Bonuses already give 15%

In the segment of fixed income, the main bonds in dollars They have deepen their downward trend, while some of the titles in the middle segment have reached a return of 15%.

Bonar 2024 crashed, with a fall of 2.2%.

Other strong crashes suffered them Globor 2037 (-1.7%); Couple according to the Argentinean law (-1.7%), multi-year bond (-1.6%); i 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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