U.S. listings of Argentine firms cheer opposition lead in mid-term primary

Central Puerto SA

13/09/2021 13:57

** U.S.-listed shares of Argentine companies jump in
premarket trading 
    ** Argentina's main opposition party landed a blow against
the ruling Peronists on Sunday in a congressional primary vote
that is a leading indicator of how voters will cast ballots in
the mid-term election in November  urn:newsml:reuters.com:*:nL1N2QE04X
    ** NY-listed shares of Argentine power producer Central
Puerto  CEPU.K , banking and financial services company Grupo
Supervielle  SUPV.K , energy producer Pampa Energia  PAM.N ,
Banco Macro  BMA.N , telecoms provider Telecom Argentina
 TEO.N , state oil company YPF  YPF.N  all up between 9.3% and
14.4% 
    ** The logic is that a stronger opposition would temper the
Peronists' more militant wings that have, at times, clashed with
investors, the powerful farm sector and the IMF
    ** Markets collapsed after a presidential primary in 2019
showed center-left government of Alberto Fernandez won that
year's election by a landslide
    ** Global X MSCI Argentina ETF  ARGT.K  up 3.6%; it has
gained 17.3% so far this year and trades ~3% short of record
highs

 (Reporting by Sruthi Shankar)
 ((sruthi.shankar@thomsonreuters.com;))