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Stock impact report

Argentina markets buckle up for reopening after Milei election triumph [Reuters]

Grupo Supervielle S.A. American Depositary Shares each Representing five Class B shares (SUPV) 
Last grupo supervielle s.a. american depositary shares each representing five class b shares earnings: 2/19 04:38 pm Check Earnings Report
Company Research Source: Reuters
Argentina's markets had been closed on Monday following Sunday's vote, but there were major moves in assets traded internationally, including the quasi shares of main energy giant YPF (YPFD.BA) , which saw a 40% surge after Milei said he would look to privatize it. With Milei promising to deliver economic shock therapy to the long-troubled economy, international bonds had risen too but Tuesday's action was set to be dominated by how fast and furiously the official peso rate drops. The currency's overvaluation is seen as being at the heart of the country's economic strife. There is a gaping chasm between the official government rate and where it trades on the streets. Morgan Stanley's analysts said on Monday they expected it to drop 80% over the next six weeks. Milei said in the runup to the election he wanted to ditch the peso altogether in favour of the dollar and shut down the central bank, too. "The big question is obviously what happens to the currency now given Milei's c Show less Read more
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