The Merval rose 2.07% and the Argentine ADRs in New York operated with increases of up to 3.9% | Cuyo’s diary

2023-07-13 01:53:34

The S&P Merval index rose 2.07% today, in line with reference markets such as Wall Street, which closed with positive results after the good inflation data for June in the United States.

With a similar trend, the shares of Argentine companies (ADRs) listed in New York closed with gains of up to 3.9%.

In the Buenos Aires leading panel, the highest increases were registered by Sociedad Comercial del Plata (5.80%); Pampa Energy (4%); YPF (2.84%); Galicia Financial Group (2.69%); and Banco Macro (2.62%).

The losses corresponded to BYMA (-0.41%); Securities Financial Group (-0.24%); and Transportadora de Gas del Norte (-0.15%).

On Wall Street, the shares of Argentine firms closed the day with the majority of positive results, led by Pampa Energía (3.9%); YPF (3.5%); Banco Macro (3.2%); Irsa (3.2%); and Tenaris (2.6%).

For its part, the only two decreases were recorded by Corporación América (-2.6%); and Edenor (-0.1%).

In the fixed-income segment, bonds in dollars fell an average of 35 cents, while CER-adjusted bonds in pesos rose 0.7% in the short tranche, but fell an average of 0.1% in the medium and long tranche of the curve.

Within this framework, the country risk advanced 1.21% in 2,008 basis points.

Regarding the foreign exchange market, the retail dollar closed at $276.89, up 36 cents compared to yesterday.

In the stock segment, the dollar counted with settlement (CCL) advanced 0.3%, to $515.66; while the MEP rose 0.2% to $484.85.

For its part, the so-called “blue” or informal dollar marked an increase of five pesos, to $503 per unit.

In the wholesale market, the US currency ended up 85 cents from the previous close, at $264.05.

Thus, the dollar with the 30% surcharge -contemplated in the COUNTRY tax-, marked an average of $359.96 per unit, and with the advance on account of the Income Tax of 35% on the purchase of foreign currency, to $456 .87.

The dollar destined for tourism abroad -and which has a rate of 45%- was located at $484.56, while for purchases over 300 dollars -and which has an additional tax of 25%-, it was located at $553 .78.