🔴 Grupo Financiero Galicia is trading 4.5% down as sovereign-risk concerns pressure Argentine banks

Grupo Financiero Galicia is trading at ARS 6,005, down 4.5%, amid broad pressure on Argentine stocks and banks.

• September 28 reporting linked bank losses to a sharp rise in country risk and concerns over government debt, which weigh on lenders holding sovereign bonds.
• Banco Macro also fell, and the S&P Merval dropped 3.28% in that session.
• No separate company-specific catalyst was identified.