The financial market showed a mixed outlook during the session, with some sectors up and others down. In particular, the Utilities sector experienced growth of 1.12%, while the Consumer Staples sector barely increased by 0.24%. In contrast, the Telecommunications and Real Estate sectors recorded declines of 2.01% and 0.95% respectively.
Within the Argentine stock market, the Merval index showed a general advance, highlighting companies like YPF with an increase of 2%, reaching $34,350 per share. Other companies like Transportadora de Gas del Sur (TGSU2) and Pampa Energía (PAMP) also experienced increases of 1.11% and 0.92% respectively. However, there were components of the index, such as Comercial del Plata (COME) and IRSA from the real estate sector, that suffered declines of 1.51% and 1.57% respectively.
In the international context, Argentina's country risk index, compiled by JP Morgan, remained at 850 points, reflecting investors' perception of risk regarding the country. Meanwhile, in the United States, stocks opened in positive territory driven by post-election optimism and expectations of economic data. Tesla stood out with a 6.4% increase, reaching a valuation of one trillion dollars, while in the cryptocurrency sector, Bitcoin surpassed $81,000, boosting companies like Coinbase, MARA Holdings, and Riot Platforms.
At the opening, the S&P BYMA General Index and the S&P Merval increased by 0.90% and 0.86% respectively. At the sector level, increases were notable in Energy and Intermediate Goods. It is important to note that the Merval started the week with a rise of 0.25% in the early trades of the day.
