Wednesday, January 26

Cedears: foreign companies suffered general losses, what were the causes?


The CCL dollar (counted with settlement), which arises from the sale of bonds and shares that are listed on the local market and abroad, influences the price of the Cedears. This Thursday its price fell 2% and sold at $ 203.44.

At the same time, Cedears that are in the portfolio until December 31, 2021 will pay the Personal Property Tax during 2022, which could also generate movements in investors’ portfolios these last days of the year. Cedears are considered assets that are included within the assets of the individual.

The main drops, among the most traded papers, were Pfizer (-3.6%), the mining company Vale (-2.5%), and Visa (-2.4%). For its part, among the companies with the highest market capitalization, Mercado Libre grew 0.4% and Tesla rose almost 4%.

Wall Street

Meanwhile, the major Wall Street indices rose sharply for the third consecutive session on Thursday, with the S&P 500 setting a record close.

The S&P 500 has been rising for three days, after falling in the preceding three sessions. In the week, the S&P 500 added 2.3%, the Dow Jones rose 1.7% and the Nasdaq climbed 3.2%.



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