The leading stocks on the Buenos Aires Stock Exchange experienced a decline today, along with bonds and ADRs in New York, while the country risk approached 750 basis points, marking a two and a half month high. Uncertainty persists in the markets awaiting news from the International Monetary Fund (IMF), leading to a trend of profit-taking.
The leading index of BYMA fell by 2.8%, reaching 2,282,898.85 points. Among the most affected stocks are Central Puerto (-5.1%), Transener (-4.3%), Loma Negra (-4.1%), Metrogas (-4.1%), and Grupo Supervielle (-3.9%). On the other hand, ADRs also showed significant declines, with Central Puerto leading the losses (-5.6%), followed by Transportadora de Gas del Sur (-3.4%), Pampa Energía (-2.9%), and Telecom (-2.6%).
In the local market, the dollar bonds that suffered the most decline were Global 2029 (-1%), Bonar 2029 and 2030, with a drop of 0.7%, and Global 2046 (-0.6%). As a result, country risk increased by 2.5%, reaching 748 basis points, according to the index compiled by J.P. Morgan. This value represents a new high since December 6, 2024.
