Buenos Aires Stock Exchange closed down 1.33%

This content was published on Jul 24, 2023 – 21:20
July 24, 2023 – 21:20

Buenos Aires, July 24 (EFE). – The S&P Merval index of shares of leading companies listed on the Buenos Aires Stock Exchange closed, on Monday, with a decrease of 1.33%, to 466,662.93 points, on a day marked by a jump in the price of the dollar in the unofficial market.

Meanwhile, the S&P BYMA General Index closed the round at 19,719,771.15 units, a decrease of 0.91%.

The share turnover was 8,150 million pesos (approximately $28.7 million / 26.1 million euros), with a balance of 29 pluses, 36 minus and three sheets unchanged in the overall board.

Among the leading companies, the shares that fell the most were Terniun (-4.47%), BBVA Argentina (-2.69%) and Transportadora Gas del Sur (-2.53%).

For their part, Loma Negra (2.91%), YPF (1.20%) and Chrysod (0.95%) closed in negative territory.

Meanwhile, Argentine public securities advanced by an average of 1.5% in dollar prices, in a positive reaction from the fixed income market to the announcement on Sunday of an understanding between Argentina and the International Monetary Fund on the new terms of a debt refinancing agreement signed in March 2022.

Portfolio Personal Inversiones noted in a report, “The outcome with the IMF is welcome with dollar debt. The agreement reduces the likelihood of a break with the IMF in the short term, which somewhat dampens market volatility.”

The behavior in the exchange market was different, with upward adjustments following the exchange and tax decisions taken by the Argentine government in the past few hours which meant a partial devaluation of the Argentine peso.

In the official foreign exchange market, the price of the US dollar rose by 2 pesos in state-owned Bank Nación, closing at 270.50 pesos for purchases and 283.50 pesos for selling to the public, while the wholesale market advanced 1.65 pesos, to 271 pesos per unit.

In the unofficial market, the US currency broke a new historical mark by jumping 23 pesos, up to 552 pesos per unit offered for sale, while the so-called financial dollars recorded more moderate increases.

Dollar “computed liquidation” (CCL, which consists of buying stocks or bonds locally in Argentine pesos and selling them for dollars on Wall Street) rose 0.3% to 535.58 pesos a unit.

For its part, the price of the “dollar bag” or “European dollar” (which is obtained by purchasing listed assets in pesos and dollars, and is paid in pesos when bought and sold in dollars on the Argentine stock market) rose 0.2 percent, to 495.75 pesos per unit. EFE

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