The S&P Merval session began with a slight increase but quickly reversed the trend and closed with a decline of 0.7%, reaching 2,383,919 units. In the leading panel, the stocks with the largest decreases were Edenor (-3.3%), followed by BBVA (-2.9%), Grupo Supervielle (-2.8%), and Telecom (-2.4%). On the other hand, the only stocks that increased were Ternium (+0.1%) and Banco de Valores (+0.4%).
In the realm of international negotiations, investors focused on the meeting between President Javier Milei and IMF Managing Director Kristalina Georgieva, looking for possible signals regarding future financing for Argentina. Meanwhile, on Wall Street, ADRs experienced mixed performance, highlighting the rise of YPF (+3.3%) and the decline of Loma Negra (-2.4%).
Regarding dollar-denominated bonds, disparate fluctuations were observed following significant corrections in recent days. The Global 2038 bonds (-1.2%) and Bonar 2038 bonds (-0.2%) were the most affected on the downside, while Global 2029 bonds (+0.9%) and Bonar 2029 bonds (+0.3%) registered increases.
In the context of these variables, country risk was positioned above 700 points, reaching 722 units, reflecting investors' perception of the financial stability of the country in the short term.
