Home » News » The Merval rose 4.06% and the shares of Argentine companies in New York advanced more than 10%

The Merval rose 4.06% and the shares of Argentine companies in New York advanced more than 10%

The S&P Merval index rose 4.06% today, contrary to Wall Street, which closed the day with mixed results, while the shares of Argentine companies (ADRs) listed in New York ended the round with increases of more than 10% .

The main Buenos Aires stock market index registered a new historical mark in pesos at the end of 260,750.04 points, while measured against the dollar counted with liquidation it was located at 720 units, which marked the highest value in dollars since August 12, 2019.

Likewise, YPF set a price record since August 9, 2020, ending at US$12.21 per share and has already obtained a profit of 32.9% in dollars so far in January.

On July 22 of last year, the hydrocarbon company closed on Wall Street at $2.91 per share, which when compared to today’s close shows an increase in its price of around 319%.

The national oil company ended 2022 accumulating a 141% rise in dollars.

In the Buenos Aires square, among the leading shares, the highest gains were registered by YPF (9.88%); Telecom Argentina (7.77%); Galicia Financial Group (7.55%); Macro Bank (7.46%); and Cablevisión (7,002%).

Conversely, the losses were recorded by Edenor (-1.75%); Ternium (-1.33%); Transportadora Gas del Sur (-0.70%); Transportadora Gas del Norte (-0.63%); and Mirgor (-0.62%).

On Wall Street, the papers of Argentine firms closed the session with the majority of positive results, led by YPF (10.2%); Macro Bank (7.7%); Telecom Argentina (6.8%); Irsa (6.5%); and Cresud (6%).

For its part, the decreases corresponded to Edenor (-5%); Transportadora Gas del Sur (-1.6%); Mercadolibre (-1.2%); and Take Off (-1%).

In the fixed-income segment, bonds in dollars ended with increases of US$1.2, while bonds in pesos with CER adjustment marked an average rise of 0.2%.

Within this framework, the country risk closed with a decline of 0.7% to settle at 1,980 basis points.

In the foreign exchange market, the retail dollar closed at an average of $189.73, up 26 cents compared to Monday’s close.

In the informal market, the so-called “blue” dollar was negotiated with an increase of nine pesos, at $379 per unit.

Meanwhile, in the stock market, the cash dollar with settlement (CCL) registered a rise of 1.6%, to $362.19; while the MEP lost 0.6%, to $341.89.

In the wholesale segment, the US currency ended with an increase of 29 cents compared to the previous close, at an average of $182.49.

Thus, the dollar with the 30% surcharge -contemplated in the COUNTRY tax-, marked an average of $246.65 per unit, and with the advance on account of the Income Tax of 35% on the purchase of foreign currency, to $313 .05.

Meanwhile, the dollar destined for tourism abroad -and which has a rate of 45%- was located at $332.03, while for purchases over 300 dollars -and which has an additional tax of 25%-, settled at $379.46. (Telam)

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