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Mix-Ansicht- Argentinien heute +10%- Grund: Geld ist in Aktien sicherer als auf der Bank!!! - monopoly, 06.12.2001, 21:56
Argentinien heute +10%- Grund: Geld ist in Aktien sicherer als auf der Bank!!!
Der Argentinische Markt scheint nicht mehr auf schlechte News zu reagieren, danach könnten wir also unten sein. Außerdem scheint sich beim Merval ein Doppelboden gebildet zu haben.
http://biz.yahoo.com/rf/011206/n06254621_1.html
Argentine stocks soar on cash withdrawn from banks
BUENOS AIRES, Argentina, Dec 6 (Reuters) - Argentine stocks soared and bonds rose on Thursday, propelled by cash withdrawn from banks, which came under stiff curbs this week, traders said.
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The MerVal (^MERV - news) benchmark stock index was up 9.97 percent, gaining 22.86 points to 252.04 points shortly after 3 p.m. (1800 GMT). Turnover was heavy at $11.9 million. The MerVal gained over 8 percent on Wednesday.
Argentina's benchmark Global 2008 dollar bond traded up 2 percent to 31.375 percent of face value.
Traders said sharp gains on the MerVal stocks index were due mainly to Argentines' belief that it was safer to hold shares in a market down 50 percent this year than keep their money in bank deposits.
Argentines fear deposits may be seized amid a cash crunch which deepened after the IMF said it would not send a vital $1.3 billion in scheduled aid.
``People are desperately escaping from banks,'' said Martin Marini, a trader for Fescina brokerage. ``They're calling us frantically wanting to invest in stocks, even government bonds. That's how bad it is. They don't even care where their money goes, as long as it's not in banks.''
Among banking curbs implemented this week were a $1,000 monthly cap on withdrawals and restrictions on sending or taking cash abroad.
Traders said market players feared the recession-bound economy would spiral into disaster after the International Monetary Fund said late Wednesday it could not complete a needed review to send the aid. Analysts say sts say Argentina needs the $1.3 billion to meet payments on its $132 billion debt in coming weeks despite a tough recession.
Some traders said the lack of IMF aid might be the death blow for an economy that has lurched from one crisis to another this year as the recession, now in its fourth year, heightens fears of a debt default or devaluation of the peso currency.
A Credit Suisse First Boston report said: ``Default is virtually inevitable... We also believe that devaluation is now the most likely scenario: it may occur at the same time as or following a potential default.''
On Argentine foreign exchange markets on Wednesday, dollar bills were fetching prices of up to 1.07 pesos -- in clear violation of Argentina's decade-old currency peg, which makes one peso exactly equal to one dollar.
On the Buenos Aires Stock Exchange, steel firm Siderca gained 14.5 percent to $1.58, while industry counterpart Acindar gained 10 percent to 17.6 cents.
Overall, 19 shares advanced, one declined and two traded even.
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