Saturday , June 25 2022

The stock was recently in & # 39; November: the shares recovered 7% and overcame the dollar



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After deduction of & # 39; 12% at & # 39; October – The US currency recovered positions and gained 4.9% in & # 39; November, With – of momentum – reducing payments Central Bank, though always within the range a & # 39; flotation arranged by the monetary authority.

The dollar ended a month $ 38.77 for retail average and $ 37.72 in the wholesale market, which is still close to the floor area of ​​& # 39; "non-intervention" established by the monetary authority, $ 36 105 for 2 & # 39; the following December. The cap will be & # 39; 46 724 pesos.

The monetary entity detailed road & # 39; below rates & # 39; & # 39 interest; in reference & # 39; fees, in – 60 753% per annum, The lowest yield of 1 & # 39; October.

With predictable reduction in inflation speed b & # 39; & # 39 rate; 3% per month since November, according to the evolution of & # 39; this band of & # 39; flotation of BCRA b & # 39; nothing, and after the jump & # 39; 6.5% in & # 39; September and 5.4% in & # 39; October, absorption charges by & # 39; the Cash Letters (LELIQ) accumulated about $ 300,000 million in two months.

this one remunerated liabilities b & # 39; record rates the balance of the Central Bank reaching $ 700,000 million, Half – Monetary Base, stabilized under – 1.400,000 million pesos, in – under – "Zero emission" that the body chairing Guido Sandleris He promised to hold until June 2019.

The economist Gustavo Ber considered that " increased absorption of weight with sales & # 39; future BCRA "contributed to" increased supply & # 39; foreign exchange ", which served for cushioning the rise of the dollar, which found 40 pesos last Monday. "Still, and beyond a few breaks along the way, the larger the portfolio follow dolarizzazzjoni by the end of the year and 2019 b & # 39; high electoral uncertainty, "he warned.

He stressed that Merval index Markets and Markets Arġjani (ByMA) concluded in November with & # 39; improvement & # 39; 7.1%provided 31 482 points. F & # 39; this – framework, we should not ignore 2018 very negative to yield, with an average gain of & # 39; 5% in & # 39; fees, compared to & # 39; inflation exceeding 40% in eleven months.

"As performance Merval f & # 39; in November, leaving profit in & # 39; weights & # 39; 7%. best month yields were located in the financial sector, upright Group & # 39; Galicia 22.4%, The French Bank 14.3% and 12.7% Banco Supervielle ", he summarized Eduardo Fernández, Analyst & # 39; Rava Bursátil.

for – ADR, Certification by which Argentine companies listed on markets & # 39; New York, f & # 39; & # 39 November concluded with; positive result. He revealed the profit & # 39; monthly Grupo Galicia, 19.9% ​​in & # 39; dollars month, with the push of & # 39; surplus quarterly.

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