Tuesday , October 19 2021

The dollar and the stock market gave good news about the last day of operations before the G20 holidays


As a reflection of the little activity that was seen in the streets of the center of Buenos Aires, the exchange and stock markets showed slight increases in a wheel with few operations before the holidays of Friday by the G20 Leaders' Summit.

Cunha falling 80 cents (-1.84%) compared to the Wednesday closure, the exchange rate closed at $ 38.80 for sale, still finding a margin to reach the floor of the non-intervention area governed by the Central Bank. Autumn represents The third consecutive day of losses in the currency after approaching $ 40 on Monday caused several alarms in the market.

The retail market and the merchant (which recorded a drop of $ 37.72) were affected by the cessation of banking activities in the market after 13 hours. The stock market closed with increases in the Merval panel by 1.4% compared with yesterday.

For next Monday, the non-intervention area ceiling will be $ 46.72 while the apartment will be located at $ 36.10., after a month of November in which the accumulated increase reached 5 percent.

In the activity cut in the stock market, the results were also positive, with Merval's stock index rose 1.5% to 31,593 units. At the same time, the leading shareholder panel of Argentine Stock Exchanges and Markets (ByMA) reached a 2.8% increase in accumulated this week.

Tenaris shares have been highlighted, with a cut of 4.4% after the announcement of the treatment of its president and CEO, Paolo Rocca, in the case of the notebooks of the K. bribes. The sovereign bonds in the open electronic market (MAE), on the other hand, showed price stability during the day, closing only 0.2% less in the month, from the hand of Country risk at 703 basis points.

The other daily reference variable for the market, Liquidity Letters (Leliq), showed a drop in its annual rates, from 61,198% of the auction on Wednesday to 60,753%. Against the maturity of Leliqs on Thursday for 145,725 million dollars, the monetary entity managed to absorb an excess liquidity by about 43,420 million pesos.

In the United States, ADRs had a good day with widespread increases. Only Telecom (-1.8) and Tenaris (-2.8) were in red. The increases were Pampas (+ 5.4%), Banco Galicia and Banco Francés (+ 4.8%) and Edenor (4%).

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