{"id":9072,"date":"2025-08-26T21:07:26","date_gmt":"2025-08-27T00:07:26","guid":{"rendered":"https:\/\/hanin.org.ar\/?p=9072"},"modified":"2025-08-26T21:07:27","modified_gmt":"2025-08-27T00:07:27","slug":"%ec%98%a4%eb%8a%98%ec%9d%98-%ea%b2%bd%ec%a0%9c08%ec%9b%94-26%ec%9d%bc","status":"publish","type":"post","link":"https:\/\/hanin.org.ar\/?p=9072","title":{"rendered":"\uc624\ub298\uc758 \uacbd\uc81c(08\uc6d4 26\uc77c)"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

\uc624\ub298\uc758 \uacbd\uc81c<\/p>\n\n\n\n

    \n
  1. \uc815\uce58 \uc704\uae30\ub85c \uc8fc\uc2dd\uacfc \ucc44\uad8c \ud3ed\ub77d
    \uc544\ub974\ud5e8\ud2f0\ub098 \uae08\uc735\uc2dc\uc7a5\uc740 \ubc00\ub808\uc774 \uc815\ubd80 \ucd9c\ubc94 \uc774\ud6c4 \uac00\uc7a5 \ud798\ub4e0 \ub0a0\uc744 \ubcf4\ub0c8\ub2e4.
    \uc8fc\uc2dd\uacfc \ucc44\uad8c\uc740 10%\uae4c\uc9c0 \ud479\ub77d\ud588\uace0, \uad6d\uac00\uc704\ud5d8\ub3c4\ub294 767bp\ub85c \ub6f0\uc5c8\ub2e4.
    \uc774\ub294 \uc5ec\ub2f9\uc5d0 \uc9c1\uc811\uc801\uc778 \ud0c0\uaca9\uc744 \uc8fc\ub294 \uad6d\uac00\uc7a5\uc560\uc778\uc704\uc6d0\ud68c\uc758 \ub1cc\ubb3c \uc758\ud639\uc5d0 \ub300\ud55c \uc815\uce58 \uc2a4\uce94\ub4e4, \uc758\ud68c\uc5d0\uc11c \ud328\ubc30, \ud398\uc18c \uae08\ub9ac \ubcc0\ub3d9\uc131 \ub4f1 \uc5ec\ub7ec \uc694\uc778\uc774 \uacb9\ucce4\ub2e4.
    \uc774 \ubaa8\ub4e0 \uc77c\ub4e4\uc774 \ubd80\uc5d0\ub178\uc2a4\uc544\uc774\ub808\uc2a4\uc8fc \uc120\uac70\ub97c 2\uc8fc\ub3c4 \ub0a8\uaca8\ub450\uc9c0 \uc54a\uc740 \uc2dc\uc810\uc5d0\uc11c \uc77c\uc5b4\ub098 \uc5ec\ub2f9 \uc5f0\ud569\uc744 \uae34\uc7a5\uc2dc\ud0a4\uace0 \uc788\ub2e4.
    Merval \uc9c0\uc218\ub294 \ud398\uc18c\ub85c 4%, \ub2ec\ub7ec\ub85c 6% \ud558\ub77d\ud588\ub2e4.
    \ub274\uc695\uc758 ADR\ub3c4 \ucd5c\ub300 10%\uae4c\uc9c0 \ub5a8\uc5b4\uc84c\ub2e4.
    \ub2ec\ub7ec \ucc44\uad8c\uc740 4.4%\uae4c\uc9c0 \ud558\ub77d\ud588\uace0, \uc815\ubd80\ud658\uc728\ub3c4 3% \uc774\uc0c1 \uc0c1\uc2b9\ud588\ub2e4.
    4\uc6d4 \uc774\ud6c4 \uc815\uce58\uc801 \uacbd\uc81c\uc801 \ubd88\ud655\uc2e4\uc131\uc774 \ucd5c\uace0\uce58\uc600\ub2e4.
    \uc774\uc640\uad00\ub828 IProfesional\uc740 \ub2e4\uc74c\uacfc \uac19\uc774 \ubcf4\ub3c4\ud588\ub2e4.
    \uc120\uac70 \ucea0\ud398\uc778\uc774 \uc9c4\ud589\ub428\uc5d0 \ub530\ub77c \uc2dc\ub098\ub9ac\uc624\uac00 \ub354 \ubcf5\uc7a1\ud574\uc9c0\uace0 \uc774\ub294 \uc2dc\uc7a5\uc758 \ubd88\ud655\uc2e4\uc131\uc744 \ubd80\ucd94\uae34\ub2e4.<\/li>\n\n\n\n
  2. \uacbd\uc81c\ubd80 \ub3c4\ub9e4\uae08\ub9ac\uc640 \ub2ec\ub7ec \uc5f0\uacc4 \ucc44\uad8c \uc81c\uc2dc
    \uacbd\uc81c\ubd80\ub294 \ub0b4\uc77c 9\uc870 \ud398\uc18c\ub97c \uc870\ub2ec\ud558\uae30 \uc704\ud574 \uc2e4\uc2dc\ud558\ub294 \uc785\ucc30\uc758 \ucc44\uad8c\uacfc \uc81c\uc548\uc744 \ubc1c\ud45c\ud588\ub2e4.
    \uc774\ubc88 \uc785\ucc30\uc5d0\uc11c\ub294 \uc678\ud658\uc2dc\uc7a5\uc5d0 \ub300\ud55c \uc555\ub825\uc744 \uc904\uc774\uae30 \uc704\ud574, \ub3c4\ub9e4\uae08\ub9ac \uc81c\uacf5 \ucc44\uad8c\uacfc \ub2ec\ub7ec \uc5f0\uacc4 \ucc44\uad8c \ubaa8\ub450\uac00 \ud3ec\ud568\ub41c\ub2e4.
    \ub07c\ub974\ub178 \uc7ac\ubb34\uccad\uc7a5\uc758 \ubc1c\ud45c\uc5d0 \ub530\ub974\uba74, \ub2e8\uae30\ucc44\uc778 LECAP\uc740 \ub9cc\uae30\uac00 9\uc6d4 30\uc77c, 2026\ub144 1\uc6d4 16\uc77c, 2026\ub144 2\uc6d4 27\uc77c\uc774, \ub2ec\ub7ec \uc5f0\uacc4 \ucc44\uad8c\uc740 \ub9cc\uae30\uac00 9\uc6d4 30\uc77c\uacfc 2026\ub144 1\uc6d4 16\uc77c\uc774, \ub3c4\ub9e4\uae08\ub9ac \ucc44\uad8c (TAMAR) \ub9cc\uae30\uac00 2026\ub144 1\uc6d4 16\uc77c, 2026\ub144 2\uc6d4 27\uc77c\uc774 \uac01\uac01 \uc81c\uacf5\ub41c\ub2e4.
    \uc7ac\ubb34\uccad\uc740 \uc6d4\uc694\uc77c \uc911\uc559\uc740\ud589\uacfc \uc57d 5\uc870 \ud398\uc18c \ucc44\uad8c\uc744 \uc2dc\uc7a5 \uac00\uaca9\uc73c\ub85c \uac70\ub798\ud588\ub294\ub370, \uc774\ub294 8\uc6d4 29\uc77c \uc911\uc559\uc740\ud589 \ubcf4\uc720\ubd84\uc744 \ud3ec\ud568\ud55c 13\uc870 7\ucc9c\uc5b5 \ud398\uc18c \ub9cc\uae30\uc5d0 \ub300\ube44\ud55c \uad50\ud658\uc774\uc5c8\ub2e4.
    \ub2e4\uc74c \uc785\ucc30\uc5d0\uc11c \uc7ac\ubb34\uccad\uc740 \ub2e8\uae30 \uc635\uc158\uc744 9\uc6d4\ub85c \ud558\uba74\uc11c, \ub098\uba38\uc9c0\ub294 2026\ub144\uc73c\ub85c \ub118\uacbc\ub2e4.
    \uc774\uac83\uc740 \uc120\uac70 \uae30\uac04\uc744 \uc6b0\ud68c\ud558\ub824\ub294 \ud604\uc7ac\uc758 \ubd88\ud655\uc2e4\uc131\uc744 \ubc18\uc601\ud55c\ub2e4.
    \uae08\uc735\uc2dc\uc7a5\uc740 10\uc6d4 \uc120\uac70 \uc774\ud6c4\uc758 \ud658\uc728\uc5d0 \ub300\ud55c \ubd88\ud655\uc2e4\uc131\uc774 \uc9c0\uc18d\ub418\uace0 \uc788\ub2e4.
    \ub2ec\ub7ec \uc5f0\uacc4 \ucc44\uad8c\uc758 \ub9cc\uae30\ub294 \ub0b4\ub144 1\uc6d4\uacfc 2\uc6d4\uc774\ub2e4.
    \ub610 \ub3c4\ub9e4\uae08\ub9ac\uc5d0 \ubb36\uc778 TAMAR \ucc44\uad8c\uc744 \ud3ec\ud568\ud55c \uc911\uc559\uc740\ud589\uc758 \ucd5c\uadfc \uaddc\uc81c \ubcc0\uacbd\uc5d0 \ub300\ud574 \uc740\ud589\uc774 \uc18c\uc1a1\uc744 \uc81c\uae30\ud560 \uac00\ub2a5\uc131\ub3c4 \uc788\ub2e4.<\/li>\n\n\n\n
  3. \ud658\uc728 \uc0c1\uc2b9
    \ub3c4\ub9e4\ud658\uc728\uc740 \uc6d4\uc694\uc77c 41\ud398\uc18c \uc0c1\uc2b9\ud55c 1,362 \ud398\uc18c, MEP \ud658\uc728\uc740 1,362.22 \ud398\uc18c, CCL \ud658\uc728\uc740 1,361.89 \ud398\uc18c\ub85c \ub9c8\uac10\ud588\ub2e4.
    \uc120\ubb3c\ud658\uc728\uc740 12\uc6d4 \ub9d0 1,553 \ud398\uc18c\ub85c \uc62c\ub790\ub2e4.
    \uc911\uc559\uc740\ud589\uc740 \ucd5c\uadfc \uba87\uc8fc\ub3d9\uc548 \uc624\ub978 \uae08\ub9ac\ub97c \uc644\ud654\ud558\uae30 \uc704\ud574 \ud658\uc728 \uc0c1\uc2b9\uc744 \ud5c8\uc6a9\ud588\ub2e4.
    \uc120\ubb3c \uac70\ub798\ub294 20\uc5b5 \ub2ec\ub7ec \uc774\uc0c1 \ub418\uc5c8\ub2e4.
    \uc678\ud658\ubcf4\uc720\uc561\uc740 414\uc5b5 4400\ub9cc \ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4.<\/li>\n\n\n\n
  4. \uc815\ubd80 \uc2e0\ub8b0\ub3c4 \ucd5c\uc800
    \ub514 \ub5c4\ub77c \ub300\ud559\uad50\uac00 \uc870\uc0ac\ud55c \uc815\ubd80 \uc2e0\ub8b0\ub3c4 \uc870\uc0ac\uc5d0\uc11c \ubc00\ub808\uc774 \uc815\ubd80\uc758 \uc2e0\ub8b0\uac00 13.6%\uac00 \uae09\uaca9\ud788 \ub5a8\uc5b4\uc9c4 2.12 \ud3ec\uc778\ud2b8\ub97c \uae30\ub85d\ud588\ub294\ub370, \uc774\ub294 \ud604 \uc815\ubd80 \uc2dc\uc791 \uc774\ud6c4 \uac00\uc7a5 \ub0ae\uc740 \uc218\uce58\uc774\ub2e4.
    2001\ub144 11\uc6d4\ubd80\ud130 \uc870\uc0ac\ub97c \uc2dc\uc791\ud55c \uc2e0\ub8b0\ub3c4\ub294 0~5 \uae4c\uc9c0\ub85c
    \uce21\uc815\ud55c\ub2e4.
    \uc62c\ud574 8\uc6d4\uc758 \uacb0\uacfc\ub294 \ub9c8\ub044\ub9ac \uc815\ubd80\uc758 2017\ub144 \ub3d9\uc6d4 2.53 \ud3ec\uc778\ud2b8\ubcf4\ub2e4 16.3% \ub0ae\uc558\uace0, \uc54c\ubca0\ub974\ub610 \ud398\ub974\ub09c\ub370\uc2a4 \uc815\ubd80\uc758 2021\ub144 8\uc6d4\uc758 1.85 \ud3ec\uc778\ud2b8\ubcf4\ub2e4\ub294 14.3% \ub192\uc558\ub2e4.
    \ubc00\ub808\uc774 \ud589\uc815\ubd80\uc758 20\uac1c\uc6d4 \ud3c9\uade0\uc740 2.48 \ud3ec\uc778\ud2b8\ub85c \ub9c8\ub044\ub9ac \uc815\ubd80 \ud3c9\uade0\ubcf4\ub2e4 \uc870\uae08 \ub0ae\uace0, \uc54c\ubca0\ub974\ub610 \ud398\ub974\ub09c\ub370\uc2a4 \uc815\ubd80 \ud3c9\uade0\ubcf4\ub2e4\ub294 \ub192\ub2e4.<\/li>\n\n\n\n
  5. \ubbf8\uad6d \ubc95\uc6d0
    \ub274\uc695 \uc81c2\uc21c\ud68c\ud56d\uc18c\ubc95\uc6d0\uc740 ‘GDP \uc5f0\uacc4 \ucc44\uad8c’ \uc6d0\uace0\ub4e4\uc758 \uc0c8\ub85c\uc6b4 \uccad\uad6c\ub97c \uae30\uac01\ud588\ub2e4.
    \uc774\ubc88 \ud310\uacb0\uc740 \uc9c0\ub09c 7\uc6d4 \ud504\ub808\uc2a4\uce74 \ud310\uc0ac\uc758 \ucc44\uad8c \uc18c\uc720\uc790 \uadf8\ub8f9\uc758 \uc8fc\uc7a5\uc744 \uae30\uac01\uc744 \ub2e4\uc2dc \ud655\uc778\ud55c \uac83\uc774\ub2e4.
    \uc18c\uc1a1 \uae08\uc561\uc774 5\uc5b5 \ub2ec\ub7ec\uc5d0 \uac00\uae4c\uc6e0\ub358 \uc774\ubc88 \ud310\uacb0\ub85c, \uc815\ubd80\ub294 \uacf5\uacf5\uc7ac\uc815\uc5d0 \ubbfc\uac10\ud55c \uc0ac\ubc95 \ub9ac\uc2a4\ud06c\uc5d0\uc11c \uc228\uc744 \ub3cc\ub9b4 \uc218 \uc788\uac8c \ub418\uc5c8\ub2e4.<\/li>\n\n\n\n
  6. LNG \uc218\ucd9c\uc744 \uc704\ud55c \uc5ed\uc0ac\uc801 \ud655\uc7a5
    SESA \uc5d0\ub108\uc9c0 \ud68c\uc0ac\ub294 LNG \uc218\ucd9c\uc744 \uc704\ud55c \ud655\uc7a5 \uacc4\ud68d\uc744 \ubc1c\ud45c\ud588\ub2e4.
    30\ub144\uc5d0 \uac78\uccd0 \uc9c4\ud589\ub418\ub294 \ud504\ub85c\uc81d\ud2b8\ub294 \ub450\ubc88\uc9f8 LNG \ud50c\ub79c\ud2b8 \uacf5\uc7a5 \ucd94\uac00 \uac74\uc124\uc774 \ud3ec\ud568\ub418\uba70, \uc644\uacf5\ud558\uba74 \uc218\ucd9c \ubb3c\ub7c9\uc744 \ud06c\uac8c \ub298\ub9b4 \uc218 \uc788\ub2e4.
    \uc774\ubc88 \uacf5\uc7a5 \uac74\uc124\uc740 \uad6d\uc81c\uc2dc\uc7a5, \ud2b9\ud788 \uc5d0\ub108\uc9c0 \uc2dc\uc7a5\uc5d0\uc11c \uc7a5\uae30 \uad6c\ub9e4\uc790\uc5d0 \ub300\ud55c \uc548\uc815\uc801 \uacf5\uae09\uc744 \uc57d\uc18d\ud560 \uc218 \uc788\ub2e4.
    \uc774 \uacc4\ud68d\uc740 \uc544\ub974\ud5e8\ud2f0\ub098\uac00 \uc7a0\uc7ac\ub825\uc744 \ud65c\uc6a9\ud558\uace0, \uc7a5\uae30\uc801\uc778 \uc5d0\ub108\uc9c0 \uc815\ucc45\uc73c\ub85c \uc804\uc138\uacc4\uc5d0 LNG \uacf5\uae09\uc744 \uc2e0\ub8b0\ud560\uc218 \uc788\ub294 \uc5c5\uccb4\ub85c \uc790\ub9ac\ub9e4\uae40\uc744 \uacf5\uace0\ud788 \ud560 \uac83\uc774\ub2e4.<\/li>\n\n\n\n
  7. \uad6d\uc81c\uc2dc\uc7a5 \ud558\ub77d
    \uad6d\uc81c\uae08\uc735\uc2dc\uc7a5\uc740 \ud654\uc694\uc77c \ud2b8\ub7fc\ud504\uc758 \uae5c\uc9dd \ubc1c\ud45c\uc5d0 \ud558\ub77d\ud588\ub2e4.
    \ubbf8\uad6d \ub300\ud1b5\ub839\uc740 \ub9ac\uc0ac \ucfe1\uc744 \uc5f0\uc900\uc758 \uc774\uc0ac\ud68c\uc5d0\uc11c \ucd95\ucd9c\ud588\ub294\ub370, \uc774\ub294 \ubaa8\uae30\uc9c0 \ub300\ucd9c\uacfc \uad00\ub828\ub41c \ubd80\uc815 \ud610\uc758\uc5d0 \ub300\ud55c \uc870\uce58\uc774\ub2e4.
    \uc774 \uc870\uce58\ub85c \uc138\uacc4 \uc8fc\uc694 \uc8fc\uc2dd\uc2dc\uc7a5\uc740 \ubd80\uc815\uc801\uc778 \ubc18\uc751\uc744 \ubcf4\uc600\ub2e4.
    \uc544\uc2dc\uc544\uc640 \uc720\ub7fd \uc99d\uc2dc\ub294 \ud558\ub77d\ud588\uace0, \ub2ec\ub7ec\ub294 \uc57d\uc138\ub97c \ubcf4\uc600\uace0, \uc8fc\uc2dd\uc740 \uc5f0\uc900\uc774 \uc9e7\uc740 \uc2dc\uc77c \ub0b4\uc5d0 \uae08\ub9ac\uc778\ud558\ub97c \uc2dc\ud589\ud560 \uac83\uc774\ub77c\ub294 \uae30\ub300\uac10\uc5d0 \ud0c4\ub825\uc744 \ubc1b\uc558\ub2e4.
    \uc6d0\uc720\ub294 \ub2e4\uc2dc \uc57d\uc138\ub97c \ubcf4\uc5ec WTI\ub294 63.74 \ub2ec\ub7ec, \ube0c\ub80c\ud2b8\uc720 67.79 \ub2ec\ub7ec\ub97c \uae30\ub85d\ud588\ub2e4.
    \uae08\uc740 \uc57d\uac04 \uc624\ub978 \uc628\uc2a4\ub2f9 3,423 \ub2ec\ub7ec, \uc740\uc740 \uc57d\uac04 \ud558\ub77d\ud55c \uc628\uc2a4\ub2f9 38.47 \ub2ec\ub7ec\ub85c \uac70\ub798\ub410\ub2e4.
    \ub2e4\uc6b0\uc874\uc2a4\ub294 0.13%, S&P 500\uc740 0.11% \uac01\uac01 \uc62c\ub790\uace0, \ub098\uc2a4\ub2e5\uc740 0.11% \ud558\ub77d\ud588\ub2e4.
    \uac00\uc7a5 \uad00\uc2ec\uc744 \ubc1b\uace0\uc788\ub294 \uc5d4\ub514\ube44\uc544 \ub300\ucc28\ub300\uc870\ud45c\ub294 \uc218\uc694\uc77c\uc5d0 \ubc1c\ud45c\ub418\uba70, \ubbf8\uad6d \uacbd\uc81c\uc640 \uad00\ub828\ub41c \ub0b4\uad6c\uc7ac \uc9c0\uc218, \uc18c\ub9e4 \ud310\ub9e4 \uc9c0\uc218, \uc8fc\ud0dd \uac00\uaca9 \uc9c0\uc218\ub294 \uc624\ub298 \ubc1c\ud45c\ub41c\ub2e4.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"

    \uc624\ub298\uc758 \uacbd\uc81c<\/p>\n","protected":false},"author":6,"featured_media":9073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"_joinchat":[],"footnotes":""},"categories":[23,25,61],"tags":[],"class_list":["post-9072","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-noticias-argentina","category-informes-economicos"],"_links":{"self":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/9072","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9072"}],"version-history":[{"count":1,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/9072\/revisions"}],"predecessor-version":[{"id":9074,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/posts\/9072\/revisions\/9074"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=\/wp\/v2\/media\/9073"}],"wp:attachment":[{"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hanin.org.ar\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}