The local market fell sharply on Wednesday due to the collapse of Wall Street, the indicators of which have seen the greatest contraction since February last year as a result of the collection of US government bonds.
The fall of the Dow Jones (-3.1%), the Nasdaq (-4.4%) and the S & P 500 (-3.2%), the main indices of the New York Stock Exchange, led to a black day for the financial sector, where the Buenos Aires stock exchange lost 3.6% and the ADR of the Argentine companies even lost 6.6%.
It was a real rush of investors to lose risk positions compared to an American 10-year bond with an interest rate of 3.17%, the highest since 2011.
The Merval screens were painted red and the largest contractions were recorded by Metrogas (-7.9%), Banco Francés (-7.2%), Transportadora Gas del Norte (-6.8%) Banco Supervielle (-6, 1%) and Banco Galicia (-6.1%), among others.
In so many, the actions of the companies (ADR) recorded generalized falls and led the trend: French Bank lost 6.3%; Grupo Galicia, 6.5%; Banco Macro, 6.6%; and Banco Supervielle, 6.2 percent.
Hacienda has submitted an application for $ 27,610 million
On Wednesday, the Ministry of Finance awarded $ 26.956 million in capital letters (Lecap) and $ 654 million in treasury bills (Letes) in dollars.
Lecap in pesos offered a residual maturity of 139 days and a nominal rate of 59.34 percent.
In the case of Letes in dollars, the positions were closed after 224 days of remaining term at an annual nominal rate of 6%.
The dollar remained calm and there was still a symbolic low in the Central rate
The dollar remained virtually unchanged and closed at $ 38.17, in the middle of the day of bloodletting generalized by the collapse of Wall Street, while the Central Bank of the Argentine Republic once again applied a symbolic reduction in the rate of letters of liquidity (Leliq).
The North American currency fell a penny from the previous session and ended at $ 36.28 for the purchase and $ 38.17 for sale at the counters of exchange offices and banks. Meanwhile, the wholesale market, the currency ended at $ 37,285.
Meanwhile, the monetary authority has offered Lily on Wednesday for $ 107,774 million, against an average court rate of 72.409%, which recorded a subtle decline compared to Tuesday, when it reached 72.602%.
International Reserves ended at US $ 48,760 million and decreased by US $ 126 million compared to the previous business day.