Shares of Argentine companies collapse up to 59% on Wall Street

Wall Street-listed Argentinean paper collapses at the beginning of operations, as well as public debt securities, while the cost of default insurance reaches a new historical high, as a result of the results of the primary elections held in Wall Street. the country. Eve

The ADRs of the financial sector are the newspapers that recorded the largest decreases: BBVA 63.4%, Grupo Galicia, 57.5%, Banco Supervielle 59.2% and Banco Macro 56.5%.

The roles of energy companies also record significant declines. Puerto Central 56.7%, Edenor 61%, Transportadora de Gas del Sur, 53.8%.

The ADR with the biggest fall is Loma Negra, with a drop of 67.3%.

Tenaris 3%, Ternium 9.2% and Mercado Libre 12.7% are among the least affected

In the case of government securities in dollars, with the New York legislation, the BONUS 2021 drops 23.2%, 2022 and 2026 by 22%, while the bond issue at one year from 2117 fall of 17, 34%.

The cost of default insurance (cessation of payment) in Argentina at age 5 rose from 808 to 1,828.99 basis points, the Bloomberg agency reported today.

The maximum limit of this indicator was recorded on December 23, 2015, when it reached 7,804.5 basis points, after taking over President Mauricio Macri.

The lowest point of this index was recorded on December 5, 2017, while it had fallen to 223.2 bp after the parliamentary elections.

For its part, the country risk is 5% and reaches 904 basis points.