The Buenos Aires stock market fell 1.34 percent yesterday, as a result of a profit taking after the strong increases marked on Monday, while the ADRs of Argentine companies on Wall Street fell to 5.9 percent.
After the positive reaction of the markets to the electoral defeat of the Government in the primaries, Argentine assets returned to behave negatively.
On the NYSE, Argentine company papers ended the session with a majority of reds, among which stood out Edenor (-5.9 percent); French Bank (-4.7 percent); Banco Supervielle (-4.2 percent); Transportadora Gas del Sur (-3.4 percent). The only five gains corresponded to Globant (1.8 percent); Telecom Argentina (1.1 percent); Banco Macro (0.9 percent); Take off (0.8 percent); and Mercadolibre (0.2 percent).
In the public debt market, dollar bonds yielded 50 cents on average throughout the curve. On the other hand, CER-adjustable peso securities ended up and down, with gains of 0.10 percent on average for the short tranche and decreases of 0.20 percent in the longer tranches.
In this framework, the country risk advanced 0.4 percent to 1,496 basis points.
Regarding the exchange rate, the official dollar price ended yesterday at $ 103.62, unchanged from Monday’s close. In the informal segment, the so-called “blue” dollar was traded in the “caves” with an increase of two pesos, at an average of $ 183 per unit.
In the stock market, the dollar counted with settlement (CCL) and the MEP advanced 0.2 percent, to $ 171.57, and to $ 171.44, respectively. In the wholesaler, the price of the US currency traded with a rise of two cents compared to its last close, to stay at an average of $ 98.21.
Thus, the dollar with the 30 percent surcharge -considered in the COUNTRY tax-, marked an average of $ 134.70 per unit; and with the advance on account of the Income Tax of 35 percent, the average value was $ 170.97.