Without the Wall Street reference, the Merval raises to 1.4%

Daily increases were dominated by Metrogas shares (+ 15.8%); Banco Macro (+ 13.1%); Transener (+ 12.7%); and Supervielle (+ 12.5%).

There were 65 hikes, 15 losses and 10 unchanged roles. The three most exploited badets of the time (Galicia, Supervielle and YPF) captured 38% of the daily volume, which reached 1,191 million dollars .

"The prices of some stocks hit fixed values ​​and pushed up the rise," said one operator and estimated that "until the government fails to stabilize the market for the market in general will continue with marked oscillations. "

The dollar fell 41 cents Tuesday to $ 28.67 due to the increase in bank reserves, a surprise measure by the Central Bank to limit the large devaluation accumulated by the local currency since May because of mistrust of the national economy and increasing global risk aversion.

] The plant increased bank reserves by 3 percentage points for deposits in pesos, to 26%. The unexpected increase adds to a 3-point increase that came into effect in June and another 2-point increase scheduled for later in July.

In an effort to eliminate market liquidity, the government issued a tender call on Tuesday. Treasury bills in one – year dollars, where traders expect it to take about $ 2 billion with a return that should be about 4.5%.

• Argentine shares on Wall Street

The Argentine shares listed on Wall Street closed Tuesday with significant gains, realizing in several cases double-digit increases.

Banco Macro ADRs led the gains, up 16.8%. In turn, Banco Francés shares increased by 13.8%; those of Transportadora Gas del Sur, 13.7%; those of Loma Negra and Pampa Energía, 13.4%; the Supervielle, 12.3%; and those of Edenor, 12.2%.

• Bonds

In the fixed-income segment, the main dollar bonds (quoted in pesos) differed, pressed the shortest by another decline in US currency on the Wholesale foreign exchange market.

Thus, Bonar 2024 fell by 0.5%; the 2020 Bonar, 1.3%; but the reduction under Argentine law gained 0.7%; Argentina 2037, 0.9%; while 100-year bonds rose 1.6%.

In turn, designated hard currency titles climbed up to 3.2% thanks to investor buybacks after the sharp sell-off in recent days. 19659002] The bonds in pesos had a different route. Following the latest monetary measures, the peso rate has risen sharply (the July Lebac was traded at a rate of 70%), which has lowered the price of some bonds in national currency (up to 1%). 2%), report of the SBS group.