The five leading stocks that had the best performance in the first five months of the current year were Sociedad Comercial del Plata, with an accumulated gain of more than 60%; followed by Grupo Financiero Valores, Transportadora de Gas del Sur, Cresud and Central Puerto.
On the contrary, those with the worst performance were Grupo Supervielle, Mirgor, Ternium, Loma Negra and BBVA Argentina.
In this way, Silver Commercial Society accumulates a profit of 67% in the first five months of the year. This holding company founded in 1927 is present in strategic sectors such as construction, agribusiness, energy, transportation and infrastructure, and real estate development.
Sociedad Comercial del Plata accumulates a profit of 67% in the first five months of the year.
follows him Securities Financial Group, belonging to Banco de Valores, which registers an increase so far in 2022 of 46%. Founded in 1978 by Merval, as the Argentine financial entity most closely identified with the capital market, Banco de Valores carries out commercial banking and investment banking operations.
Third appears Southern Gas Carrier, with an accumulated 40%. The company is the most important gas carrier in the country and operates the most extensive gas pipeline system in Latin America.
follows him crestwith an increase of 30%, which is one of the most important agricultural companies in Argentina with 80 years in the market, and is the only one in its sector that is listed on the Buenos Aires Stock Exchange and on the Nasdaq of the United States. USA.
Finally Center Port posted a 19% gain. The company founded in 1992 develops investments oriented to the national and international energy market.
The worst performers
In the opposite direction, within the leading panel Supervielle Group accumulated a decline of 16% between January and last May.
Behind was located mirgor, with an accumulated decrease of 13%. Founded in 1983, it is the Argentine technology company that manufactures and distributes consumer electronics, auto parts, in addition to exporting agricultural products and oilseeds.
Thirdly, it arises Ternium which posted a 12% decline. Belonging to the Techint group, it is the largest steel manufacturer in Argentina.
Next in the ranking appears Black Hill, which accumulated losses of 10%. Founded in 1926, it is the leading company in the production and marketing of cement.
Finally comes the bank BBVA Argentina, which fell by 9%. This is an Argentine banking subsidiary belonging to BBVA’s Spanish parent company.
The causes
Asked by Télam about the earnings of the leading panel companies, Santiago Ruiz Guiñazú, head of equity sales & trading at Adcap Grupo Financiero, pointed out that the performance of the leading Merval shares in the first months of the year was influenced by the context of world inflation and the price of commoditieswhich boosted its rise with the war unleashed between Russia and Ukraine.
“At Adcap we are positive about the price of raw materials, since we believe they are a defense against inflationary pressures at a global level, and that applies to Transportadora de Gas del Sur (TGS), Cresud, Central Puerto and Comercial del Plata – a company with a considerable holding of CGC, a gas-producing company- We believe that the accumulated yield in these first months of the year comes from that side, “explained Ruiz Guiñazú.
At the same time, he pointed out that the papers of Central Puerto and TGS also benefited from the regulation that allowed an update of priceswhich, although it was not quite what was expected, “operated as a palliative that allowed them to recompose the margins a bit,” he specified.
Dashboard overview
As for the roles of the general panel, that of Capex stood out from the rest by accumulating a profit so far this year of 158%.
The firm, founded in 1988, is dedicated to the generation of electrical, thermal and renewable energy, and the exploration and exploitation of hydrocarbons.
In second place was Agro Mills with an advance of 52%, which is a company dedicated to the bulk export of commodities and by-products, which has been in the market for more than 120 years and belongs to Molinos.
Third appears Natural Gas Ban, which recorded an increase of 49%. This company is dedicated to the distribution of gas and is the second distributor in the country by number of customers.
The fourth corresponds to Argentinian Pulp, which accumulated an advance of 45%. Founded in 1929, the company works in the production and distribution of high quality papers.
In fifth place is the action of Charles Married, with a cumulative improvement of 37%. This company founded in 1909 is dedicated to the agricultural sector and belongs to the San José group.
From the consulting firm Epyca, they indicated to Télam that the winners of the general panel correspond to items that have a strong link with sectors that are expanding, or that it is estimated should expand in the short term.
“Energy (Capex and Gas Natural Ban) are in the first places, because they are waiting for better rates that allow the business to return to profitability. For its part, agricultural activity (Carlos Casado, Molinos Agro) is strongly correlated with the country’s export capacity,” they assured.
