Argentine resources live a true “little summer”. Both stocks and dollar bonds have risen steadily for weeks. The Merval index, which just closed 2022 as the best investment given the rise in inflation with 130% profit, rack up improvements of over so far this year 20% in dollars and touch its highest price since 2019. The Merval was $706 on Tuesday, still a long way off the $1,800 record from early 2018.
This Tuesday the main indicator of the stock market of Buenos Aires has noticed his tenth go up to the wire and ended up with a 3% increase. In the last thirty days it has already risen by 56%.
While it is true that emerging assets have had weeks of upside, the performance of Argentine bonds and stocks appears above. Shares of emerging market companies are up nearly 9% this year, well below the average of the Merval, which accumulates a new up session this Tuesday. It seems that now investors are getting excited about the Argentine market again.
Source: Clarin
