He Central Bank returned to buy international reservesthe dollar blue fell this Friday more than 40 pesos and there was a strong rebound in the price of foreign currency sovereign bonds. The exchange uncertainty of the first days after the primary elections and the devaluation of the official exchange rate began to show signs of moderation. The impact on domestic market prices is one of the consequences for the coming weeks.
In detail, the Central Bank bought this Friday 11 million dollars in the exchange market, while in the balance of the week it accumulated purchases for more than 650 million. «In the week totaled purchases of 658 million of dollars and accumulated in August 797 million dollars”, explained Gustavo Quintana, analyst at PR Corredores de Cambio.
Regarding the exchange rate, the retail dollar closed this Friday at 366.57 pesos on average, with a marginal increase of two cents compared to the last record, and thus marked a weekly advance of 66.57 pesos, equivalent to a rise of 22.19 percent, after the devaluation of the wholesale exchange rate registered at the beginning of the week.
For his part, he blue or illegal dollar it closed with a setback of forty pesos, at 720 pesos per unit, with which in the last five days it marked an advance of 115 pesos.
Meanwhile, in the stock segment, the dollar counted with liquidation (CCL) advanced 0.3 percent, to 745.43 pesos; while the MEP gained 0.1 percent, to 660.40 pesos. In the wholesale market, the US currency ended unchanged compared to the previous closing, at an average of 349.95 pesos, while in the week it showed an accumulated increase of 62 pesos (+21.8 percent), due to the change in Central Bank strategy regarding the exchange rate correction policy.
Meanwhile, the Solidarity Dollar and Card Dollar -which have a 30 percent rate of COUNTRY tax and 45 percent perception of earnings- were located at 641.50 pesos, while for purchases over 300 dollars -which has an additional tax of 5 percent-, traded at 659.83 pesos.
The volume traded in the cash segment was greater than 395 million dollars, in the futures sector of the Electronic Open Market (MAE) operations were registered for 22 million dollars and in the Rosario futures market for the equivalent of 568 million. .
As for the stock assets, the Merval index rose 0.3 percent, thus extending the gains for the seventh consecutive session and throughout the week accumulated an increase of 21.7 percent.
In the Buenos Aires square, the higher earnings of the day were registered by BBVA Argentina (3.5 percent); Ternium (3.1 percent); Black Hill (2.6 percent); Transener (1.9 percent); and Cresud (1.7).
The falls of the wheel corresponded to BYMA (-2.7 percent); Edenor (-2.4 percent); Transportadora Gas del Norte (-1.9 percent); Galicia Financial Group (-1.5); and Transportadora Gas del Sur (-1.4).
With a similar tune, in wall street lThe papers of the Argentine firms closed the session with the majority of gains. Thus, the increases were led by Globant (7.9 percent); America Corporation (7.5 percent); Black Hill (3 percent); takeoff(2,1); and Cresud (1.8).
Meanwhile, the losses were for Edenor (-2 percent); Galicia Financial Group (-1 percent); YPF (-1 percent) Central Puerto (-0.7 percent); and Transportadora Gas del Sur (-0.4 percent).
In the fixed income segment, dollar bonds closed today with average gains of 70 cents. However, during the week the balance is negative, with the Global yielding 8.2 percent and the Bonares 6.1 percent. As for the CER segment, it ended the day without changes, while, in the weekly balance, the Boncers gained 4.3 percent. Within this framework, the country risk closed with a fall of 2.6 percent to settle at 2,128 basis points. During the day, the Ministry of Economy awarded 822,272 million pesos in the last tender for debt securities in August, more than seven times the maturities it had for this week, for which it obtained the highest roll over rate of the year and It extended terms to 2024 and 2025. The Treasury placed five bonds in pesos with which it covered all maturities and kept money to meet other commitments.