Today in the Buenos Aires stock market, leading shares experienced a decrease of 1.90% amid high volatility, characterized this time by profit-taking. The S&P Merval and dollar bonds ended in negative territory following the scandal related to the cryptocurrency $LIBRA. In this context, the country risk reached 720 points, marking a maximum of 2025. The local selective index of BYMA fell by 2.03%.
Among the stocks in the Leading Panel that fell the most today are Loma Negra (-4.4%), Telecom (-3.7%), Grupo Supervielle (-3.5%), YPF (-3.4%), and BBVA (-3.3%). On Wall Street, Argentine stocks mostly closed lower, particularly noted was a 27.8% drop in Globant due to a weaker than expected projection for the first quarter of 2025, thereby missing annual expectations. Despite this, the company's fourth-quarter results exceeded estimates.
On the other hand, significant declines were observed in the U.S. for Grupo Supervielle (-5.3%), BBVA (-4.7%), and Banco Macro (-4.4%). In the fixed income sector, the Bonar 2029 and Global 2029 bonds experienced declines of 0.6%, while the Bonar 2028 increased by 0.8%. Over the course of the week, the bonds recorded drops of up to 1.9%.
