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shares sank up to 8%


February 8, 2024 – 17:28

This happened on a day marked by doubts regarding whether the omnibus law will be discussed again, after statements on the matter by President Javier Milei.

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He S&P Merval fell 3.6% to 1,111,624.510 unitsa day after retreating a strong 5.2% in response to the rejection and return to commissions of the omnibus law promoted by the Government. In the last three daysthe stock index registers a drop of 15.2%.

In that framework, the Actions of the leading panel sank up to 5.5% of its value this Thursday. Those that fell the most were the titles of Edenor (-8.1%), Supervielle Group(-7.4%) and Silver Commercial Society (-6.4%).

In this context, since IOL Invertironlinepointed out that “the ideal in this type of situations of greater volatility is to be cautious and do not act in a hurryat least until there are further definitions and the market mood calms down.

They also indicated that, after the legislative defeat, the next steps of the administration of President Javier Milei they followed wrapped in doubts and they warned that no option was ruled out to implement the proposed reforms.

Argentine shares on Wall Street

Meanwhile, the shares of Argentine companies that are listed in Wall Street fell up to 6.7%as is the case of Edenor. Among those that gave in the most, they are followed Supervielle Group (-6.6%) and Cresud (-5.5%). Those that rose the most were Free market (+1.3%), Take off (+0.4%)





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