Argentine stocks showed a significant recovery this Thursday, with the energy sector as the main driver of the rise, in an international context marked by the escalation of the conflict in the Middle East and the sharp increase in the price of oil.
While the world's main markets operated in negative territory in the face of growing global uncertainty, the S&P Merval index rose 2.8% and stood at 2,768,681 units, decoupling itself from the international trend. The key to this dynamic was the behavior of companies linked to energy, which reacted positively to the new price scenario
.
Among the main increases were Sociedad Comercial del Plata, with a jump of 10.8%, Edenor with an increase of 5.9% and YPF, which climbed 4.8%. These movements were also joined by banks, such as BBVA, which registered an increase of close to 6%, consolidating a strong recovery day for
local assets.
The momentum of the energy sector was directly linked to the rise in oil prices globally. During the day, the Brent barrel reached more than 110 dollars and closed around 102 dollars, amid attacks on key energy infrastructures in the Middle East. This scenario generated expectations of higher revenues for companies in the sector and increased the value of their shares
.
On Wall Street, Argentine equities also showed a mostly positive trend through ADRs. Edenor rose around 6%, YPF more than 5% and BBVA surpassed 6%, in contrast to the US indices, which closed lower. This behavior reinforces the idea that the local market found in energy a refuge from global volatility.
The president's commitment to the sector was extremely beneficial.
Despite the international conflict scenario, the Argentine market showed signs of resilience in specific sectors. Energy, in particular, appears to be one of the main beneficiaries of this new international cycle, with companies rapidly capitalizing on changes in global prices
.
Looking ahead to the coming weeks, the evolution of the conflict and its impact on the energy market will continue to be key variables to explain the behavior of local assets. In this context, investors continue to be attentive to opportunities that may arise in sectors directly linked to global dynamics
