The equity segment abroad was affected by the setbacks shown by the main indices of the New York Stock Exchange
For mark phillip
12/28/2022 – 7:30 p.m.
The ADRs of Argentine companies listed abroad marked mixed results, infected by the poor performance of the main US shares. At the local level, the Buenos Aires stock market extended the increases for the tenth consecutive session and marked a rise of 3.58%. Thus, it registered a new all-time high in pesos when trading at 202,559.85 points and measured against the cash dollar it stands at US$585.
In the fixed income segment, the sovereign dollar bonds under foreign legislation they recorded drops of up to 3.72%, led by the Global 41while the titles in pesos with CER adjustment marked ups and downs.
In the peso market, the last tender of the year from the Ministry of Economy was presented today. The menu managed to capture $326,610 million, far exceeding the $62,296 million estimated by market specialists in the city. Thus, the net financing in December was the highest of the entire year, approaching $700,000 million (0.87% GDP).
With this result it is evident that the tender was successful, however from Portfolio Personal Inversiones they pointed out that “beyond the fact that some private sector players are swapping LECER to incorporate LEDEs given the most optimistic projections of inflation for the next three months, we cannot doubt that the greatest demand came from the public sector.
What happens in the markets of the world
Wall Street closed in the red, with investors already beginning to organize their portfolios for next year. The square is closely watching the plunge suffered by Tesla, which sent its shares to their lowest close since August 2020.
The Elon Musk-led company’s nosedive came after news broke that the electric carmaker will cut production at its Shanghai factory in January.
Argentine shares on Wall Street operated in the green and the Merval scores its tenth consecutive rise
Yesterday’s losses send Tesla down 70% from its November 2021 all-time high, and the declines have intensified in recent months on concerns over the management of Elon Musk’s Twitter social media platform. Although the paper was rising today in today’s session, it is a rebound that does not hide its poor annual performance.
US and global stocks are headed for their worst decline since the 2008 financial crisis. Pessimism about the outlook for financial markets and the economy amid rising interest rates and fears that they will A looming recession scuttled prospects for the year-end seasonal rally that stocks typically experience in late December.
Investor caution over the next year also outpaced China’s move to ease travel restrictions this January, as the world’s second-largest economy further reopens after three years of zero-Covid protocols.
Wall Street
Wall Street’s main indices traded lower. Thus, the S&P 500 fell 1.20%; the industrialist Dow Jones subtracted 1.10%; and the technological nasdaq yielded 1.35%.
Merval
The Merval recorded a gain of 3.58%. Thus, the rises of the leading shares were registered by Banco Macro (6.08%); Galicia Financial Group (5.69%); Securities Financial Group (5.35%).
ADRs
The ADRs of Argentine companies on the New York Stock Exchange operated unevenly, with increases of 4.3% in the case of Corporación América and decreases of up to 2.3% in Tenaris’s paper.
bonds
Sovereign bonds in dollars under foreign legislation registered falls of up to 3.72%, led by the Global 41, while titles in pesos with CER adjustment marked ups and downs.
Risk country
The risk country it is located around 2,158 basis points.
