Before the result was known, after 9 p.m., Argentine ADRs were already beginning to gain strong bullish momentum this Sunday night on Wall Street in the so-called “overnight” operations.
Argentine shares fly up to 16% this Sunday in night operations on Wall Street in reaction to the electoral failure of La Libertad Avanza (LLA) in the 2025 legislative elections.
The LLA expanded its representation in both chambers of the Congressby beating Peronism at the national level and dealing a blow by winning the province of Buenos Aires -despite the José Luis Espert scandal and after having lost by about 14 points almost two months ago in the local elections in that district.
Before knowing the result, after 9 p.m., The Argentine ADRs were already beginning to gain strong upward momentum this Sunday night on Wall Street in the so-called “overnight” operations.
In this way, the papers that climbed the most were those of BBVA (+15.7%); Supervielle (+15.1%); Edenor (+13.7%); Macro Bank (+12.5%); Telecom (+11.2%); YPF (+12%); IRSA (+10.5%); Central Puerto (+10.5%); Loma Negra (+10.2%).
For investors, it is a course revalidation. Investors read it immediately: The result clears up doubts about governance and opens a stage of recomposition of Argentine assets.
In development.-
Source: Ambito
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