Financial markets were on tense wait for the new loan agreed with the International Monetary Fund, while the leading stocks on the Buenos Aires Stock Exchange closed with a slight decrease of 0.3%. The latest news related to the trade war coming from the United States did not favor the business environment. Despite this scenario, dollar-denominated bonds recorded increases and country risk experienced its first weekly drop in more than a month, after falling below 700 points.
Regarding stock indicators, the leading panel of BYMA declined by 0.3% to 2,262,289.29 basis points, but in terms of dollars, it showed an advance of 0.3%, reaching 1,854 units. The S&P Merval index, on the other hand, had an increase of 2.6% in pesos and 2.7% in dollars during the week, marking the first rise since late January.
During the day, the main declines among leading stocks corresponded to BYMA (-3.2%), YPF (-2%), and Grupo Valores (-1.2%). In contrast, the largest advances were seen in the assets of Transener (+3.2%), Cresud (+2.8%), and Edenor (+2.3%). On the other hand, Argentine companies listed on Wall Street mostly closed higher, particularly highlighted were the shares of Cresud (+5.9%), Edenor (+4.8%), and Transportadora de Gas del Sur (+3.6%).
In the realm of fixed income, dollar-denominated bonds achieved increases of nearly 3%: the Global 2046 rose by 2.9%; the Bonar 2035 advanced by 2.1%, and the Global 2035 gained 1.8%. Country risk, measured by the JP Morgan index, decreased by 3.1%, standing at 692 basis points, with a cumulative decrease during the week of 11.3%, marking the first drop since late January.
