ARS-DENOMINATED DEBT POSTED A MIXED PERFORMANCE, once again led by CER instruments, which rose 0.9%, followed by Lecaps, up 0.7%. Meanwhile, Duales were unchanged, in a context where the Tamar rate continued to fall and closed at 25.5%, while dollar-linked instruments gained 0.3%.
DOLLAR-DENOMINATED DEBT EXTENDED WEDNESDAY'S GAINS BY ADVANCING 1.1%, TRACKING THE BROADER GLOBAL OPTIMISM. Long-end bonds under both jurisdictions led the performance, rising 1.4%, while the short end gained 0.5%. With this performance, the country risk spread retreated again, settling at 557 basis points. Meanwhile, Bopreal bonds fell 0.8%.
THE OFFICIAL EXCHANGE RATE FELL BY 0.3% AND CLOSED AT $1,383.23, STANDING 20.7% BELOW THE UPPER BAND LIMIT. Financial dollar rates followed suit, with both MEP and CCL declining 0.4%, closing at $1,420.7 and $1,476.9, respectively, while the spread reached 4%. Meanwhile, the BCRA stepped up FX purchases in the MLC, acquiring USD 281 M during the session and accumulating USD 582 M in April (averaging USD 116 M per day) and USD 4,968 M year-to-date. Gross international reserves, in turn, increased by USD 402 M to USD 44,152 M.
THE MERVAL FELL 0.4% IN PESOS AND REMAINED FLAT IN DOLLAR TERMS AT USD 2,031. The energy sector continued to underperform despite the rise in oil prices, with declines ranging between 3.2% and 4.5% for Edenor, TGN, and COME. Meanwhile, the materials sector pushed the index higher, posting gains of between 3.6% and 4.7% for Ternium, Aluar, and LOMA. Among stocks listed on Wall Street, there was a 1.6% decline, with losses ranging from 3.7% to 9.5% for Bioceres, Edenor, and Cresud. The best performers were Corporación América, MELI, and Galicia, with gains between 0.8% and 1.9%.
