The Buenos Aires stock market advanced 4.08% this Wednesday in line with the good performance of the Wall Street market, on a day in which the country risk marked a seven-month minimum by falling below 2,000 basis points.
As relevant data of the day, The Buenos Aires stock market registered a new historical mark in pesos at the end of 224,627.51 pointswhile measured against the dollar counted with liquidation, it was located at 665 units, which marked the highest value in dollars since August 12, 2019.
In the porteño square, Among the leading shares, the highest gains were registered by Grupo Supervielle (8.55%); BBVA Argentina (8.27%); Galicia Financial Group (8%); Pampa Energía (7.31%); and Telecom Argentina (6.93%).
Conversely, losses were recorded by Sociedad Comercial del Plata (-1.01%); Agrometal (-0.88%); Transportadora Gas del Norte (-0.86%); Holcim (-0.68%); and Transportadora Gas del Sur (-0.65%).
On Wall Street, the papers of Argentine firms closed the session with the majority of positive results, led by BBVA Argentina (7.7%); Galicia Financial Group (7.2%); Telecom Argentina (6.6%); Pampa Energía (6.1%); and Banco Supervielle (5.9%).
For his part, the only two decreases corresponded to Transportadora Gas del Sur (-1%); America Corporation (-0.5%); Take off (-0.4%); and Irsa (-0.1%).
In the fixed income segment, bonds in dollars ended with increases of 75 cents on average throughout the curve, while bonds in pesos with CER adjustment marked increases of 0.15% on average.
The country risk closed with a decline of 3.1% to remain at 1,996 basis points, which marked a minimum since the beginning of June 2022.
Javier Rava, director of Rava Bursátil, pointed out that the local market has all the green lights, showing itself to be increasingly solid, and highlighted the performance of all Argentine assets.
“Both dollar stocks and bonds are holding very firm with its upward trend and today with the banks in the lead, it was no exception. The Argentine ADRs are unstoppable and in the few wheels so far this year there are several assets that exceed 20% in dollars ”, he specified.
The exchange square
In the foreign exchange market, the retail dollar closed at $188.21 average, with an increase of 20 cents in relation to Tuesday’s close. In this way, the monetary authority has already acquired 3 million dollars in the session on Monday and 12 million dollars on Tuesday.
This positive balance added to last week’s cumulative amount of US$ 61 millionwith which it reached sixteen consecutive days without sales in the segment where banks and large companies operate.
In the informal market, the so-called “blue” dollar was traded with an increase of two pesos, at $359 per unit.
Meanwhile, in the stock market, the dollar counted with liquidation (CCL) registered an increase of 1.7%, to $337.04; while the MEP advanced 0.6%, to $327.70.
In the wholesale segment, the US currency ended with an increase of 29 cents compared to the previous close, at an average of $180.67.
Thus, the dollar with the 30% surcharge -contemplated in the COUNTRY tax-, marked an average of $244.67 per unit, and with the advance on account of the Income Tax of 35% on the purchase of foreign currency, to $310 .54.
Meanwhile, the dollar destined for tourism abroad -and which has a rate of 45%- was located at $329.37, while for purchases over 300 dollars -and which has an additional tax of 25%-, located at $376.42.
