The Argentine equity in the local market and abroad register increases, in a session in which the main reference markets operate mixed
For mark phillip
01/17/2023 – 12:17 p.m.
The Merval it advances 0.72%, with which it registers a new all-time high in pesos, settling at 252,667.45. Meanwhile, in hard currency it stands at 703 units and records a new record in dollars since August 12, 2019. In the external market, the ADRs of Argentine companies listed abroad mark increases of up to 3.6%, where the performance of Corporación América stands out, in a round in which the main US stocks operate with a mixed trend.
In the fixed income segment, the sovereign dollar bonds under foreign legislation they operate with increases of up to 5.44, led by the Global 35, while the titles in pesos with CER adjustment marked increases of up to 0.81%, where the performance of the TX28 stands out.
In the peso market, the Treasury published the conditions of the first tender of the year, which will mark the pulse of refinancing in a very difficult year in terms of debt in pesos. The Finance team faces needs of around $356,452 million, taking into account all payments from the beginning of January until the date of settlement of this tender.
“After the early exchange of the Treasury, most of these payments will be to the private sector (86%), while the coupons of the Discount Pesos and Quasipar of the first business day of January add public participation. The most relevant instrument that matures is the LECER January (X20E3) which explains 69.1% of the estimated total payment”, specified from Portfolio Personal Inversiones.
What happens in the markets of the world
Wall Street trades up and down, in a session that will have a jam-packed agenda with corporate earnings reports. The square knew the reports of the megabanks Goldman Sachs and Morgan Stanley, after a lackluster round of quarterly updates from its peers late last week.
Thus, Goldman Sachs registered a greater than expected fall of 69% in the earnings for the fourth quarter, which was affected by a substantial drop in trading revenue and a higher provision for credit losses.
The Buenos Aires stock market sets a new record in pesos and dollars
For his part, Morgan Stanley It reported a smaller-than-expected profit decline and posted a drop in investment banking revenue, but higher net interest income and a record quarter for its wealth management business helped dampen headline numbers.
Earnings reports from other sectors will also pick up in the coming days, with Netflix numbers on Thursday serving as the highlight. His report is likely to serve as a sign of things to come for the tech sector, as most of the reports are due next week.
Wall Street
Wall Street’s major indices are trading up and down. Thus, the S&P 500 advances 0.38%; the industrial Dow Jones loses 0.54%; and the technological Nasdaq gains 0.04%.
Merval
The Merval registers a gain of 0.72%. Thus, the rises of the leading shares are registered by Grupo Financiero Valores (5.11%); Edenor (2.71%); and Agrometal (2.26%).
ADRs
On Wall Street, the papers of Argentine firms operate the day with results in the green. Thus, the profits are registered by Corporación América (3.6%); Tenaris (3.1%); and Telecom Argentina (1.7%).
bonds
sovereign bonds in dollars under foreign legislation operate with increases of up to 5.44, led by the Global 35, while titles in pesos with CER adjustment marked increases of up to 0.81%, where the performance of the TX28 stands out.
Risk country
The country risk is located around 1,978 basis points.
