Buenos Aires Stock Exchange closes down 3.19%

Buenos Aires' stock market experienced a significant downturn on Tuesday, with the S&P Merval index of leading companies closing down 3.19% at 3,022,484.54 units. The broader S&P BYMA general index mirrored this trend, falling 3.22% to 128,862,424.41 points.

Among the top-performing stocks, Telecom Argentina saw a 3.5% decrease, and Banco Macro fell 3.4%. Conversely, Grupo Supervielle posted a gain of 2.1%, and Transportadora Gas del Norte rose 1.9%. These movements reflect a volatile trading session for Argentina's key companies.

In the bond market, Argentine sovereign bonds denominated in U.S. dollars exhibited mixed performance. Concurrently, Argentina's country risk indicator climbed to 466 basis points, signaling increased perceived risk for investors.

The currency market also saw notable shifts. The U.S. dollar decreased by 5 pesos against the Argentine peso, settling at 1,515 pesos for public sale at the state-run Banco Nación. However, the parallel or 'blue' dollar rate saw an increase, rising 15 pesos to 1,550 pesos for sale. The 'contado con liquidación' dollar also climbed 1.6% to 1,610.41 pesos, while the 'dólar MEP' experienced a slight decrease of 0.2% to 1,523.84 pesos.