Home » News » The Buenos Aires Stock Exchange climbs 1.23% and Argentine ADRs in New York have been up and down

The Buenos Aires Stock Exchange climbs 1.23% and Argentine ADRs in New York have been up and down

The Buenos Aires stock exchange today rose by 1.23%, detached from the reference markets which closed the round with fluctuating results, on a day in which the shares of Argentine companies (ADRs) listed in New York operated at high and bass.

As relevant data, the Buenos Aires stock market added its tenth consecutive rise and recorded a new all-time peso mark at the close of 170,604.27 points.

Earnings of leading panel companies were led by Transener (9.33%); Transportadora Gas del Norte (6.40%); Securities Finance Group (3.89%); Central Port (3.09%); and Mirgor (2.94%).

The decreases, for their part, corresponded to the papers of Agrometal (-3.58%); Silver Commercial Society (-1.37%); Macrobank (-0.92%); and Telecom Argentina (-0.13%).

On Wall Street, Argentine corporate papers ended the day with mixed results. The increases were led by Central Puerto (3.9%); Cresud (3%); Globant (3%); Banco Supervielle (2.8%); and Pampa Energia (1.8%).

Conversely, reductions were recorded by Edenor (-2.2%); Banco Macro (-2.1%); Ternio (-2.1%); America Corporation (-2%); and Take-off (-1.8%).

In the fixed-income segment, dollar-denominated bonds finished up 80 cents on average across the curve, while CER-adjusted pesos remained up 0.7% in the short tranche, while in the long tranche they grew by 3%.

Against this backdrop, country risk fell by 0.7% to 2,215 basis points.

In the foreign exchange market, the retail dollar closed at $174.25 on the Banco Nación board today, unchanged from yesterday.

For its part, the Central Bank (BCRA) closed the wheel with a positive balance of $5.8 million, which added the fourth consecutive day of purchases after the reintroduction of a special exchange rate for exports from the chain of soy

In the informal segment, the so-called “blue” dollar dropped by one peso to $313 per unit.

On the stock exchange, the dollar settled with settlement (CCL) recorded a rise of 0.2%, to 323.52 dollars; while the MEP rose by 1.9%, to 318.57 dollars, in the last stage of the wheel.

In the wholesale segment, the US currency closed up 44 cents from the previous close, at an average of $167.72.

Thus, the dollar with the 30% surcharge -in the COUNTRY tax-, averaged $226.52 per unit, and with the 35% upfront income tax on the purchase of foreign currency, at $287 ,51.

Meanwhile, the dollar intended for tourism abroad – and which has a tax rate of 45% – was positioned at 304.94 dollars, while for purchases of more than 300 dollars – and which has an additional tax of 25% – it stands at $348.50. (Telam)

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