Argentina ADRs extend rally, ETF hits record high as Milei visits US

Central Puerto SA

27/11/2023 14:55

** U.S.-listed shares of Argentinian companies extend their
rally from last week as President-elect Javier Milei visits U.S.
amid softening rhetoric 
    ** The Global X MSCI Argentina ETF  ARGT.N  adds 2.5%,
hitting a fresh record high
    ** Oil company YPF  YPF.N  rises 4.3%, after jumping ~57%
last week
    ** Financials such as Grupo Supervielle  SUPV.N , Banco
Macro  BMA.N , Banco Bbva Argentina  BBAR.N  and Grupo
Financiero Galicia  GGAL.O  gain over 7% each
    ** Loma Negra Compania Industrial Argentina  LOMA.N  adds
4.8%, while IRSA Inversiones y Representaciones Sociedad Anonima
 IRS.N  jumps 12.4%
    ** Milei's visit includes meeting with officials from the
White House, the U.S. Treasury and the International Monetary
Fund (IMF) to explain his economic plan, according to a
spokesperson
    

 (Reporting by Bansari Mayur Kamdar in Bengaluru)
 ((BansariMayur.Kamdar@thomsonreuters.com;  Follow on X:
@BansariKamdar;))