LOKESHMACH

Aug 22 (Reuters) - Lokesh Machines Ltd LOMA.NS:

• DGQA GRANTS REGISTRATION CERTIFICATE FOR DEFENCE MANUFACTURING

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May 31 (Reuters) - Lokesh Machines Ltd LOMA.NS:

• GETS ORDER WORTH 42.6 MILLION RUPEES

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April 4 (Reuters) - Lokesh Machines Ltd LOMA.NS:

• LOKESH MACHINES - GETS LICENSE FOR COMMENCEMENT OF COMMERCIAL PRODUCTION FOR MANUFACTURING, PROOF-TEST, SALES OF FIREARMS

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By Suzanne McGee

Nov 20 (Reuters) - An exchange-traded fund (ETF) focused on Argentina's stock market surged on Monday after the electoral victory of Argentina's Javier Milei, a radical libertarian who promised voters economic shock therapy.

The Global X MSCI Argentina ETF ARGT.N, which offers exposure to a basket of the country's most liquid stocks, soared more than 13% on Monday and hit its highest level since September.

While the South American country's markets are closed on Monday for a local holiday, U.S.-listed shares of Argentinian companies also surged in U.S. trading.

The gains for the ETF came through large amounts of small trades, Todd Sohn, an ETF analyst at Strategas in New York, said.

By mid-morning, the value of trading in the ETF had topped $11 million, compared with average of about $1 million a day throughout 2023. Most of those trades came in blocks of 100 shares or even fewer, Sohn said.

"There seems to be a lot of random trading by retail investors playing the volatility" following the election news and amid speculation about Milei's proposals to tackle Argentina's economic woes, Sohn added.

Some of the largest investors of record in ARGT as of Sept. 30 include hedge fund Millennium Management LLC, which could not immediately be reached for comment.

The roster of large shareholders also includes ETF marketmakers and wealth management and advisory firms catering to high-net worth individuals and families.

ARGT, one of a number of small country-specific ETFs, currently has only about $56 million in assets. By far its largest holding is MercadoLibre Inc. MELI.O, which accounts for 28% of the fund.

Other Argentina stocks that saw their U.S. listed shares rally were oil company YPF YPF.N, up 39.7%, and financials Banco Macro BMA.N and Grupo Financiero Galicia GGAL.O.

"These small country funds are ideal vehicles for small day traders who jump on events" like Sunday's presidential election in Argentina, Sohn said.

(Reporting by Suzanne McGee; editing by Megan Davies and Andrew Heavens)

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** Shares of Lokesh Machines LOMA.NS jump as much as 20% to 186 rupees, their highest level since May 29, 2006

** Stock posts biggest intraday pct gain since Dec. 22, 2021, on track for a third consecutive session gains if trends hold

** Auto parts and machine tools maker said it received approval from the Ministry of Home Affairs to manufacture small arms

** More than 1.6 mln shares change hands by 01:27 p.m. IST, 5.9x the 30-day avg; most active trading session in nearly 10 months

** Stock up 47.5% this year, up to last close

(Reporting by Navamya Ganesh Acharya in Bengaluru)

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April 6 (Reuters) - Lokesh Machines Ltd LOMA.NS:

• DECIDED NOT TO PROCEED WITH ISSUE OF SHARES AND WARRANTS ON A PREFERENTIAL BASIS

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