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BUZZ-Argentina ADRs rally after President Javier Milei's party wins midterm elections

Reuters
Oct 27
BUZZ-Argentina ADRs rally after President Javier Milei's party wins midterm elections

** U.S.-listed shares of Argentine companies gain in premarket trading after President Javier Milei's party won midterm elections

** Milei's party secures strong mandate, bolstering support to keep pushing through his radical overhaul of the economy

** Financials including Grupo Supervielle SUPV.N, Banco Macro BMA.N, Banco BBVA Argentina BBAR.N and Grupo Financiero Galicia GGAL.O rise between 24.7% and 41%

** State-run oil company YPF YPF.N advance 22.5%, gas transportation firm TGS TGS.N up 7.5% and energy company Pampa Energia PAM.N climbs 20%

** Global X MSCI Argentina ETF ARGT.P adds 17.3%, after falling 10.2% year-to-date through Friday

(Reporting by Ragini Mathur in Bengaluru)

((Ragini.Mathur@thomsonreuters.com;))

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