Today, the leading stocks on the Buenos Aires Stock Exchange fell by up to 7.5% in a market that remains awaiting concrete news about the agreement between Argentina and the IMF. The downward trend caused the S&P Merval to fail to find a bottom and suffer a strong drop, while the country risk exceeded 750 points. This week was marked by great volatility, with investors eager to receive specific news regarding the agreement with the International Monetary Fund and the potential easing of the currency controls.
The leading panel of BYMA plummeted by 3.6%, reaching 2,193,656.65 basic points and accumulating a 16% drop in dollars so far in February. Among the most affected stocks of the day are those of Transener (-7.5%), Banco Macro (-6.3%), and Comercial del Plata (-5.9%). In this scenario, dollar-denominated bonds maintained a downward trend with marked setbacks, highlighting the Bonar 2035 (-1.5%), the Global 2035 (-1.5%), and the Bonar 2038 (-1.2%).
The financial market continues to await catalysts after a 2024 that presented significant challenges. The increase in country risk, measured by JP Morgan, was 2.7%, reaching 769 basic points, its highest level since mid-November of the previous year.
