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A Costa Rica-based industrial and logistics property owner and three Argentine banks posted the biggest gains over the past five sessions. On the negative side, a workers' compensation services provider, a regional bank with exposure to commercial real estate, and a financial data company and the analysis company suffered the biggest falls.
However, from a broad perspective, the SPDR Financial Select Sector ETF (XLF) barely moved, increasing by 0.07% for the five sessions that ended on Friday, May 31. The S&P 500 surpassed up to 0.2%.
Latam Logistics Properties (New York Stock Exchange:LPA) it shot itself more than 10 times during all five sessions, during a week in which the Russell Microcap Index announced the stock would be one of seven real estate companies added to the index.
This was followed by three Argentine banks: Banco BBVA Argentina (New York Stock Exchange:BBAR), up to 17%Macro Bank (New York Stock Exchange:BMA), up to 16%and Grupo Financiero Galicia (NASDAQ:GGAL), increasing by 16%. In the last five days, the Argentine peso weakened by 0.5% against the US dollar.
The fifth biggest financial gainer of the week was StepStone Group (NASDAQ: STEP), up to 13% for the five sessions.
The company that fell the most during the five-session period was CorVel Corp. (NASDAQ:CRVL), a provider of workers' compensation, auto, liability and health solutions, which fell 13%.
OZK Bank (NASDAQ:OZK) slipped 9.7% during the period Citi downgraded the stock to Sell, citing concerns about two of the loans it owns and concerns about loans for life sciences projects in general.
FactSet Research Systems (New York Stock Exchange:FDS) fell 7.4% in the week BofA downgraded the stock to Underperform out of caution amid the prolonged financial services malaise.
MarketAxess e-commerce platform (NASDAQ:MKTX) also shared the discomfort, falling 7.3%.
Las Vegas-based Axos Financial (New York Stock Exchange: AX) had a losing streak, decreasing 6.7%and abandoning six of the last seven sessions in May.
