Argentina · Markets
| Instrument | Level | Session | Note |
|---|---|---|---|
| S&P Merval | 3,233,105.00 | -0.71% | BYMA (Buenos Aires) |
| USD/ARS | 1,495.5 | -0.28% | a fall means the local currency strengthened |
Source: verified end-of-day market data (EODHD), session of July 29, 2026. Figures are inserted from the feed and checked against it before publication.
The S&P Merval closed at 3,233,105.00 on July 29, 2026, down 0.71% on the session.
The S&P Merval is Argentina’s benchmark stock index. This page carries its latest verified close and links straight to our report for the current trading day — part of the only English-language service covering Latin America’s main exchanges in detail, every single session.
Today’s report and recent sessions
Our most recent Argentina report: Argentina Markets: Merval & the Peso — July 30, 2026 (July 30, 2026).
- Argentina Markets: Merval & the Peso — July 29, 2026
- Argentina Markets: Merval & the Peso — July 28, 2026
- Argentina Markets: Merval & the Peso — July 27, 2026
- Argentina Markets: Merval & the Peso — July 24, 2026
- Argentina Markets: Merval & the Peso — July 23, 2026
- Argentina Markets: Merval & the Peso — July 22, 2026
- Argentina Markets: Merval & the Peso — July 21, 2026
- Argentina Markets: Merval & the Peso — July 20, 2026
- Argentina Markets: Merval & the Peso — July 17, 2026
- Argentina Markets: Merval & the Peso — July 16, 2026
What the S&P Merval actually measures
The S&P Merval tracks the most heavily traded and highest-value companies listed on the BYMA (Buenos Aires). It is a capitalisation-weighted index, which means the largest companies move it most: a one-percent move in the biggest constituent shifts the headline number far more than the same move in the smallest. Reading the index alone therefore tells you what the giants did, not what the average listed company did — which is why our daily report always breaks out the individual movers.
For a foreign reader, think of it as Argentina’s equivalent to the Dow Jones Industrial Average or Brazil’s Ibovespa. It serves as the primary health check for the country’s corporate sector.
Because Argentina’s economy has historically cycled through periods of high inflation and currency controls, the Merval’s peso-quoted level can sometimes rise rapidly even when the underlying economy is struggling, simply reflecting a repricing of assets in a weakening local currency. That is why seasoned observers never look at the index in isolation.
Live Market IntelligenceArgentina — Live Market Board
Rio Times · Live Market Intelligence
Argentina — Live Market Board
+0.00%
173,885.34
-1.52%
66,475.94
-1.23%
10,935.89
+0.52%
3,233,105
+0.00%
2,304.68
+0.15%
57,237.60
—
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| MERVAL | 3,233,105 | +0.00% | +40.30% | 3,256,362 | — | — | — |
| USD/ARS | 1,495 | -0.03% | +15.76% | 1,496 | 1,495 | 1,495 | — |
| YPF | 79,600 | +0.09% | +77.28% | 79,525 | 81,750 | 78,900 | 170,972 |
| GGAL | 7,795 | -0.76% | +14.13% | 7,855 | 7,980 | 7,680 | 1,776,240 |
| PAMPA | 5,380 | -1.28% | +31.94% | 5,450 | 5,560 | 5,320 | 1,107,821 |
| TXAR | 658.00 | -1.64% | -1.05% | 669.00 | 670.00 | 656.50 | 394,849 |
| ALUAR | 976.00 | -1.21% | +34.76% | 988.00 | 998.00 | 972.00 | 251,486 |
| TGS | 9,490 | +0.26% | +22.71% | 9,465 | 9,615 | 9,385 | 223,653 |
| CEPU | 2,294 | -1.76% | +38.85% | 2,335 | 2,369 | 2,270 | 567,760 |
| MIRGOR | 16,600 | +0.45% | -28.97% | 16,525 | 16,600 | 16,300 | 873 |
| COME | 42.55 | +0.07% | -30.53% | 42.52 | 42.70 | 42.00 | 2,796,532 |
| LOMA NEGRA | 3,648 | +0.07% | +16.77% | 3,645 | 3,718 | 3,590 | 106,604 |
| BYMA | 298.00 | -0.75% | +48.44% | 300.25 | 303.50 | 293.25 | 1,462,999 |
| TELECOM ARG | 4,305 | -0.69% | +70.24% | 4,335 | 4,410 | 4,288 | 23,256 |
| GLOBANT | 38.15 | +8.66% | -57.45% | 35.11 | 38.97 | 34.31 | 2,228,117 |
| MERCADOLIBRE | 1,863 | +0.04% | -21.76% | 1,863 | 1,902 | 1,843 | 293,652 |
Why the currency matters as much as the index
The S&P Merval is quoted in Argentine peso (ARS). For an investor holding dollars, a rising index paired with a weakening local currency can still mean a loss, and a flat index paired with a strengthening currency can mean a gain.
That is why every report on this page pairs the index with USD/ARS, and why we state which side of the pair moved. A falling USD/ARS means the local currency strengthened.
This dual display is especially important in Argentina, where the exchange rate has long been a central topic for households and boardrooms alike. The country operates with a managed float and a history of parallel exchange rates, meaning the official rate shown here is only one piece of the puzzle.
Still, it is the reference point used for trade, debt servicing and corporate earnings, so its daily direction gives a clear signal about official monetary pressure. When the peso strengthens on this official rate, it often reflects deliberate central bank intervention or a shift in trade flows, and it directly affects the competitiveness of Argentina’s large agricultural exporters.
How to read our daily Argentina report
Each session we publish a full report built on the same structure: the session in one read, the verified numbers, why the market moved, the day’s individual movers, the regional scoreboard, the technical picture and what to watch next. Every index level, exchange rate and percentage move is taken directly from end-of-day market data and checked against it before publication — no figure in those reports is written from memory or estimated.
This consistent structure is designed so a reader can scan the headline and the first paragraph for the immediate takeaway, then dive deeper into the movers table to see which stocks drove the session. The regional scoreboard places Argentina’s performance alongside Brazil, Mexico and other Latin American markets, offering a quick sense of whether the move was a local story or part of a broader regional trend.
The technical picture section comments on trading volumes and price levels that traders watch, without making predictions. Finally, the “what to watch next” section frames the open questions that could shape the next session, such as pending economic data releases or shifts in global commodity prices, without asserting what will happen.
Frequently Asked Questions
What is the S&P Merval?
It is Argentina’s benchmark stock-market index, tracking the largest and most actively traded companies listed on the BYMA (Buenos Aires). It is quoted in Argentine peso (ARS).
Where do the figures on this page come from?
From verified end-of-day market data (EODHD). The level, the session change and the exchange rate are inserted automatically from that feed and are never written or estimated by hand.
How often is this page updated?
Every trading day, after the session closes, together with our full Argentina market report.
Does a falling USD/ARS mean the peso or real is weaker?
No — the opposite. USD/ARS expresses how many units of the local currency one US dollar buys, so a falling figure means the local currency strengthened.
Connected Coverage
Sources: verified end-of-day market data (EODHD).
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