Buenos Aires Stock Market Rises for Second Consecutive Round, Argentine ADRs Increase up to 8% in New York

The Buenos Aires stock market rose 2.44% today, thus extending the gains for the second consecutive round, while the shares of Argentine companies (ADRs) listed in New York closed with increases of up to 8%.

In the local market, the profits of the companies that are part of the leading panel were led by Ternium (7.09%); Aluar (6.76%); Supervielle Group (6.19%); Transportadora de Gas del Norte (5.93%); and Edenor (5.88%).

Meanwhile, the only two falls corresponded to Loma Negra (-2.38%); and Pampa Energía (-0.07%).

On Wall Street, the shares of Argentine firms closed the day with the majority of positive results, led by Irsa (8%); Banco Supervielle (7%); Edenor (5.5%); Free Market (3.3%); and BBVA Argentina (2.4%).

For its part, losses were recorded by Telecom Argentina (-1.5%); Ternium (-1.5%); Take off (-1.2%); Pampa Energía (-0.9%); Globant (-0.7%).

In the fixed-income segment, bonds in dollars ended with falls of 10 cents on average throughout the curve, while titles in pesos with CER adjustments closed with ups and downs: the short tranche rose by an average of 0.15%, while that the medium and long fell 0.5%.

Within this framework, the country risk ended unchanged at 2,577 basis points.

Regarding the foreign exchange market, the retail dollar closed at an average of $238.18, with an increase of $2.20 cents compared to Friday.

For its part, the so-called “blue” or informal dollar rose one peso, to $470 per unit.

Meanwhile, in the stock segment, the cash dollar with settlement (CCL) advanced 0.4%, to $457.76; while the MEP fell 0.4% to $430.43.

In the wholesale market, the US currency ended with an increase of $1.40 cents compared to the previous close, at an average of $227.65.

Thus, the dollar with the 30% surcharge -contemplated in the COUNTRY tax-, marked an average of $309.63 per unit, and with the advance on account of the Income Tax of 35% on the purchase of foreign currency, to $393 .

Meanwhile, the dollar destined for tourism abroad -and which has a rate of 45%- was located at $416.81, while for purchases over 300 dollars -and which has an additional tax of 25%-, located at $476.36.

With information from Telam