Reason Angela

mahisaislam1234 · Dołączył: 13 Gru 2023 Posty: 1

Argentine stocks are going through a very positive year.
Argentine stocks are going through a very positive year.
Argentine stoc ks are going through a more than positive 2023, with a performance that stands out even more if we take into account the weakness of the economy, the political turbulence in the election year and the presence of two factors that are a threat to the price of the stocks. assets, inflation and exchange rate pressure.

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All exports from regional economies, meat, corn, industry, services and oil will begin to pay 15% withholdingsIt WhatsApp Number List may interest you:All exports from regional economies, meat, corn, industry, services and oil will begin to pay 15% withholdings
Market bets are based on expectations rather than the present. Yesterday the panel of leading stocks S&P Merval gained 3.4%, in a nominal record of 1,010,021 points. Thus, above one million units, the Buenos Aires stock market remained expectant of the expected economic measures of the new Government of Javier Milei, who came to power with the orthodox idea of a harsh initial adjustment to face a complex economic situation.

El Merval registers a gain of 399.8% in pesos so far this year. This benefit is limited to 66.6% measured in dollars, according to “cash with settlement” parity based on the evolution of Argentine ADRs on Wall Street. This rise puts the local market above the performance of the rest of the global stock markets, even higher than the 39.8% increase in the Nasdaq technology panel in New York, which records one of its best annual performances.

Source: Rava Bursátil-prices in pesos.
Source: Rava Bursátil-prices in pesos.
The main Argentine stock index continues its upward path, to set new post-PASO highs of 2019. In fact, having culminated in USD 978, it equals its value on Friday, August 9, 2019, of 980 points, the business day before the collapse caused for the resounding victory of Alberto Fernández in those elections. “However, in constant terms, there is still ground to recover considering that this valuation currently stands at USD 1,162,” stated the analysts at Portfolio Personal Inversiones .

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While waiting for economic announcements, on the first day of President Milei there were no alternative dollars left below $1,000
Some titles in the Buenos Aires market show increases of 600% in pesos in the year, as in the case of Edenor (+656%) and Transener (+585%)< /span>. Argentine securities - with the exception of the banking sector - recovered the price level in dollars that they had lost after the PASO of August 2019.Mercado Libre (+91% ), the oil company YPF (+87.2%, at USD 17.20) and IRSA (+83%)in the annual tour, escorted by Edenor rises 147% in dollars , well above the accumulated inflation of around 170 percent. On Wall Street.
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