The Merval had another very good week: it gained almost 6% (it is preparing to close its best month of the year)

Contrary to the world average, BYMA's Merval index rose slightly this Friday by 0.2% to 29,259.02 units, ending another very good week, in which it accumulated a gain of 5.9% in pesos.

The main panel recorded its second consecutive week with increases, which allowed it to accumulate a 12.5% ​​increase in pesos over the month (the largest since January), and 19% in dollars, up to now its best monthly positive change up here this year.

On this Friday, the main increases reached them Loma Negra (+ 4.1%); Edenor (-3.8%); and Cablevisión (-2.8%). Among the victims appeared Metrogas (-2.5%); Grupo Financiero Valores (-2.1%); and Ternium (-1.7%).

The amount of shares traded produced 11% to 610 million dollars

Unlike Merval, the main Wall Street indexes closed in the fall due to fear on next Wednesday , the Fed issued a statement declaring a strong growth of the US economy, with an annual inflation of 2%. "If so, it would be almost confirmed two interest rate increases in the rest of this 2018," they explained in the market.

Recall that this Friday BYMA began trading the Merval index in the futures market, using the PUMA Trading System Platform of B3

• Bonds

In the securities segment fixed income, the main dollar securities (quoted in pesos) worked differently, while bonds traded in hard currency climbed up to 1.9%

Among the first, Global 2037 advanced 0, 8%; centenary bonus increased by 0.1%; and the discount has gone up to 0.7%. But the Bonar 2024 fell by 0.1% and Bonar 2020 by 0.3%.

Meanwhile, peso bonds that adjust for the CER (inflation) closed with increases, differing from the 9.9% increase reached the discount. In addition, the Badlar bond obligations ended with increases of up to 3.8%, as in the case of Argentina 2022.

In contrast, the country risk, measured by the bank JP Morgan, dropped by 551 basis points, new minimum in one month.