The Buenos Aires stock market operates with a majority of increases this Thursday, June 27, due to the taking of positions waiting for a favorable vote for the Government of two bills with which President Javier Milei intends to attract investments and get the economy back on track.
In this context the index S&P Merval It improves a limited 0.25%, to 1,578,473.43 units, after rising a selective 0.24% in the previous day. This stock market benchmark has accumulated an increase of close to 70% so far this year.
“Although (the official proposal) suffered an important pruning taking into account the original project, the official party would be able to approve a framework that allows it to implement the measures that it considers necessary to rebuild the Argentine economy,” said Wise Capital.
The Lower House that had already approved the “Bases Law” at the end of April and a tax reform project must be approved after modifications made by the Senate two weeks ago.
In this framework, the main local actions They operate with profits of up to 4.3% headed by Sociedad Comercial del Plata, Cresud (3.2%), Ternium (3.1%) and Aluar (2.3%). However, Telecom, Grupo Financiero Galicia (-1.8%), Transportadora Gas del Norte (-1.3%) and Transener (-0.9%) fell up to 2.2%.
For their part, the Argentine papers listed on Wall Street mixed with gains from Despegar (5.3%), IRSA (1.7%), Telecom Argentina (1.6%) and Cresud (0.6%). Meanwhile, Grupo Financiero Galicia, Banco Macro (-1.1%), Loma Negra (-1%) and Edenor (-1%) fell by up to 1.5%.
Bonds and country risk
In the fixed income segment, dollar bonds operate unevenly with moderate gains of 0.8% and losses of up to 1%. Thus, the country risk measured by JPMorgan rises 1.77% to 1,440 basis points.
