The firmness of the market encouraged imminent profit-taking, according to the operators, which would explain that a few minutes after the opening of the market, the leading panel turned red.
The stock index of a Argentine stock market, the S&P Merval, began this Tuesday with a bullish trend that boosted business by ratifying its intraday record in dollars due to the arrival of liquidity in the hands of institutional investors encouraged by macroeconomic indicators.
The content you want to access is exclusive to subscribers.
to subscribe I am already subscribed
However, a few minutes after operations began in the Buenos Aires square, the leading index of Argentine Stock Exchanges and Markets (BYMA) lost 1.3% to a maximum of 1,476,897.560 points (1403 GMT) after surpassing its record on Monday in 1,498,165.81 units for a few minutes and have a desirable improvement of 24.38% in the seven previous rounds.
The firmness of the market encouraged imminent profit-taking, according to the operators, which would explain that a few minutes after the opening of the market, the leading panel turned red. These market caps are in pesos, while in dollars they register a record since 2018 at the pace of firm demand for Argentine papers listed on Wall Street.
Leading stocks
The declines are led by irsa (-5.1%); Supervielle (-4.5%); Conveyor of Gas del Norte (-3.9%) and BBVA Argentina (-2.5%).
Meanwhile, the increases are for Stock Bank (+6%); Telecom Argentina (+2.4%); Byma (+1.7%); Mirgor (+1.5%).
ADRs
The rises in the New York Stock Exchange (NYSE) are for Telecom Argentina (+2.7%); Edenor (+1.5%); Tenaris (+0.5%). Meanwhile, the declines are for: Banco Supervielle (-3.8%); Transportadora de Gas del Sur (-2.2%); and Cresud (-1.9%).
Hard dollar bonds
For bonds nominated in dollars there are most increases. They are led by GD29D (+2.1%); GD41 (+1.2%); and for the Al29D bonar (+0.5%). Meanwhile, the declines are for the Global 38D, which lost -1.5% and for the bonar AL35D, which fell -1.5%.
