In the midst of a historic nominal record for the free dollar, stock market businesses in Argentina showed a price reduction on Wednesday through selective sales to take profits, a day after the market recorded a new intraday historical high. The fall also extends to sovereign bonds in dollars, which fell 3.8% in the round, as well as to the papers of Argentine companies listed on Wall Street, with drops of up to 6% on the day.
The leading index S&P Merval of Buenos Aires lost 2% in pesos and 5.5% if its movements are translated into dollars, after setting a record of 1,582,365.13 points intraday on Tuesday.
The political scene dominates the operation since the approval of the Senate in committee for the treatment of the “Bases Law” and the fiscal package to advance the economic deregulation advocated by the Government of the libertarian president is expected this week. Javier Milei.
Sovereign bonds suffered significant drops, of up to 3.88%, after noon in Buenos Aires. As a result, the country risk jumped 6.1%—its largest daily increase in the Milei era—to reach 1,378 points.
Among the Argentine stocks listed on Wall Street, the losses of Grupo Supervielle (-6.5%) and Grupo Financiero Galicia (-6.1%) stand out.
News in development
