Amid strong volatility and attention focused on negotiations with the International Monetary Fund (IMF), stocks on the Buenos Aires Stock Exchange and Wall Street are experiencing declines. Argentine bonds are suffering losses and the country risk approaches 800 basis points.
The S&P Merval of the local market decreases by nearly 2% in pesos and nearly 4% in dollars, while the ADRs plunge by almost 7%. Among the leading stocks that are falling the most are Metrogas (-3.8%), Transportadora de Gas del Norte (-3.4%), and Edenor (-3.4%). On Wall Street, the shares of Argentine companies also operate with generalized backward movements, with pronounced declines in Edenor's assets (-6.2%), Grupo Financiero Galicia (-5.7%), and Mercado Libre (-5.5%).
Dollar bonds are not escaping the declines either, with the Bonar 2038 standing out with a drop of 2.5%, followed by the Bonar 2041 (-1.6%) and the Bonar 2035 (-1.3%). Regarding country risk, measured by J.P. Morgan, it experiences an increase of 4.5%, reaching 784 basis points.
In this context, market uncertainties and concerns mainly center around external accounts and the exchange rate, reflecting the uncertainty that has negatively impacted financial indicators.
