On Thursday, Argentine assets saw a positive day without any reference to international markets. The New York Stock Exchange was closed due to the Independence Day holiday in the United States, so Argentine stocks did not have the external reference of ADR movements.
According to Marcos Natalucci from Rava, shares traded mostly positively but with some losses. YPF (YPFD) rose 0.1%, Grupo Financiero Galicia (GGAL) ended unchanged, Pampa Energía (PAMP) gained 1.7%, and Banco Macro (BMA) gained 0.3%. Thursday’s rise represents the third consecutive recovery after the recent shock experienced by the shares.
Debt instruments moved in the opposite direction, closing with slight declines, leading to a marginal rise in the country risk to 1,523 points. Although the market expected the Central Bank to make official the implementation of the new Letter of Monetary Regulation on Thursday, the monetary authority did not express itself in this regard.
Economist Gustavo Ber mentioned that details of the new monetary plan for this stage are still awaited, particularly the additional effort required from the public accounts due to
