The ranking of ADRs that fell the most on Black Monday

Below appeared the Supervial Bank with a total drop of 58.7% and the podium was completed by Galicia, with a collapse of 56.12%.

ADRs markets.jpg

Argentinian companies fell by more than 60% in some cases, then rebounded to close below that figure.

Source: rava.com

The note of the day was for Black Hill whose papers came to record a fall from 67% with a rebound that ended in 56.1%.

The surprise and the voluminous difference of the presidential candidate In front of everybody On the current president, he moved the bases of the local market, which recorded record falls within its own instability.

Another of the companies that saw their shares collapse was Central port with a drop of 55.9% as they accompanied the decline on French bank (-55.9%) and Pampa Energyowned by Marcelo Mindlin (-53.7%).

Banco Macro also felt the sharp decline recorded by the Argentine ADR in New York: its shares fell by 52.6% on Monday. As South gas conveyor e YPF, the state oil company, were part of the accumulation of companies whose value had been affected by the collapse of their shares in 48.1% and 34% respectively.

"We must understand that the biggest problem we have in Argentina is that the alternative Kirchner has no credibility in the world," said President Mauricio Macri. this Monday at a press conference the day after the stock market crash. There, he was responsible for shooting against Kirchnerism and at the same time acknowledged that he had no concrete measures to deal with the current crisis.

"I can not detail the concrete steps because they work," said Macri. and stated that he had contacted all presidential candidates who will participate in the contest in October.

However Alberto Fernandez, winner by far in this Sunday's PASO, denied any contact with the president. "He has not called me for all these years, I do not think he should call me now," he said.