01/22/2021 12:51 PM
Clarín.com
Economy
Updated 01/22/2021 1:14 PM
The markets close the week under
the pressure of the new controls
imposed by the National Securities Commission (CNV) and which in practice act as a reinforcement of the stocks.
Limits on the amounts of transactions with financial dollars and inspections in the city of Buenos Aires set the pace of operations, with the blue dollar stable and the rest of the prices on the rise.
Days ago, the CNV decided to
limit the weekly transactions
that can be carried out through cash with liqui, the operation to withdraw dollars from the country.
General resolution 878/2021 limited the net selling positions that brokers and brokerage firms may pursue to 100,000 nominal weekly in the case of client accounts not included in the concept of own portfolios.
This implies that these transactions are limited to a weekly amount equivalent to
US $ 38,000 per investor
.
In the first days of its implementation, this measure took volume away from the market, although the operators trust that as the days go by they will "find the way around" the issue.
But in addition, in recent days,
the inspections
in the brokerage agencies to verify compliance with this rule have
intensified
.
Along these lines, the CNV ordered on Wednesday the
preventive suspension
of the ECO Valores agent, based on the detection of a set of operations carried out through its “Gordon ECO” application, which according to the agency are due to elusive and systematic behavior.
From the general resolution 878/2021 was
also reduced from 48 to 24 hours
parking
, ie the minimum holding period of securities to operate the MEP dollar market.
This operation is what allows you to get foreign exchange through the Buenos Aires stock exchange, buying a security in pesos and then selling it in dollars.
After reinforcing the exchange rate hold last September, the CNV established a 5 business day parking for this MEP dollar operation.
That period was reduced until reaching the current 24 business hours.
In this framework, this Friday the blue dollar remained at
$ 156,
the same value at which it had closed yesterday.
Thus, it has fallen by ten pesos so far in 2021, which places it at the lowest level since last December 22, when it was sold at $ 152.
The informal dollar is the only one that has moved lower so far this year.
While the blue dropped 0.6%, the official dollar rose 2.5% in the retail segment and 2.8% in the wholesale segment.
But
the steepest rise continues to be in financial dollars.
In January, the MEP dollar increased 4.7%, while the cash with liquid increased 6.9%.
This Friday the wholesaler, the segment in which banks and large companies operate, rises 0.1%, to
$ 86.54.
For its part, the retailer is trading at $ 91.96 in the Central Bank average, an increase of five cents.
Thus the saving dollar is sold at
$ 151.6.
The MEP dollar rises 0.4%, to
$ 146.5.
While the cash with liquid increased 0.6%, to
$ 149.8.
Country risk, the JP Morgan indicator that measures the excess rate that Argentina should pay to borrow,
falls 0.6%,
to 1,433 basis points.
In the stock market the note is given by
the rebound of YPF
after the collapse of the previous two days.
With the advance of Kirchnerism on the oil company, the shares sank 18% in two days, but this Friday the rebound started.
Today the oil company rises 8% in the Buenos Aires stock market, while the Merval advances 0.6%.
Also in New York, YPF recovers,
with a 10% jump
, which brings the share to US $ 3.60.
Even so, the price of the oil company fell 21% so far in 2021. The rest of the Argentine ADRs, which yesterday had suffered the same bad luck as the oil company, today are also recovering and exhibiting mixed results.
AQ
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