In a surge of post-election optimism, Argentina’s financial markets experienced significant gains on October 29, 2025, following President Javier Milei’s party’s strong victory in midterm elections.
The S&P Merval Index closed at 2,801,880 Argentine pesos, up 4.92% from the previous session, marking a 38.79% increase over the past five days and reflecting renewed investor confidence in fiscal reforms and economic stabilization.
The Argentine peso strengthened markedly against the U.S. dollar, with the official exchange rate settling at 1,437.44 pesos per dollar, a 2.44% decline in the dollar‘s value.
The parallel “blue” dollar rate followed suit, ending at 1,460 pesos per dollar after an intraday rebound. This narrowing gap between official and blue rates—now nearly zero—signals improved market health, reduced capital flight, and diminished incentives for informal transactions.
Analysts attribute the peso’s appreciation to Milei‘s electoral success, which has bolstered expectations of sustained austerity measures, private-sector growth, and potential debt issuances by provinces and companies to inject foreign currency.
Overnight stability prevailed, with minimal volatility aided by U.S. Treasury interventions and rumors of a $20 billion currency swap facility. The U.S. Dollar Index dipped 0.07% to 99.0861, providing mild global support for emerging currencies like the peso.
However, underlying concerns persist, including potential devaluation risks if U.S. aid diminishes or reforms falter amid debt servicing challenges.
Technical indicators underscore the momentum: Daily charts show a reversal from late-October peaks near 1,491 pesos per dollar, while four-hour views highlight consolidation below key moving averages, suggesting possible support at 1,400 pesos.
In equities, volumes remained light, but ETF inflows surged, propelling the Global X MSCI Argentina ETF up 18%, despite year-to-date outflows of $172 million.
Top Winners (October 29, 2025):
- Comercial del Plata: +17.68%
- Edenor: +13.6%
- Grupo Supervielle: +9%
- Bolsas y Mercados Argentinos (BYMA): +7.96%
- Pampa Energia: +6.5%
Top Losers (October 29, 2025):
- Loma Negra: -2.1%
- Telecom Argentina: -1.5%
- Aluar Aluminio Argentino: -1.2%
- Mirgor: -0.8%
- Transener: -0.4%
Market participants view these developments as a positive shift, though sustained progress depends on implementing promised reforms.
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Live Market IntelligenceArgentina — Live Market Board
Rio Times · Live Market Intelligence
Argentina — Live Market Board
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168,498.45
+1.39%
71,393.57
+0.43%
10,536.40
+0.68%
2,848,945
—
2,485.26
+0.03%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| MERVAL | 2,848,945 | — | -4.19% | 2,859,051 | — | — | — |
| USD/ARS | 1,545 | +0.00% | +6.50% | 1,545 | 1,545 | 1,545 | — |
| YPF | 6,505 | +0.46% | +18.17% | 6,475 | 6,675 | 6,360 | 708,971 |
| GGAL | 4,950 | -0.95% | -43.34% | 4,998 | 5,140 | 4,933 | 548,462 |
| PAMPA | 4,290 | +0.29% | -17.36% | 4,278 | 4,390 | 4,235 | 351,604 |
| TXAR | 693.00 | -1.28% | -10.73% | 702.00 | 709.50 | 673.50 | 619,637 |
| ALUAR | 774.50 | +0.58% | -19.88% | 770.00 | 784.50 | 771.00 | 192,215 |
| TGS | 7,240 | -0.55% | -17.15% | 7,280 | 7,450 | 7,120 | 44,794 |
| CEPU | 1,678 | +1.76% | -24.99% | 1,649 | 1,678 | 1,600 | 129,716 |
| MIRGOR | 1,740 | +0.00% | -91.98% | 1,740 | 1,780 | 1,695 | 3,523 |
| COME | 31.18 | +2.20% | -48.16% | 30.51 | 31.40 | 30.76 | 3,810,293 |
| LOMA NEGRA | 2,978 | +1.79% | -10.89% | 2,925 | 3,003 | 2,853 | 34,896 |
| BYMA | 198.00 | +0.00% | -36.51% | 198.00 | 201.25 | 193.50 | 2,776,937 |
| TELECOM ARG | 3,340 | -1.18% | -8.40% | 3,380 | 3,490 | 3,293 | 11,295 |
| GLOBANT | 47.41 | -3.72% | -21.89% | 49.24 | 47.85 | 46.35 | 1,112,779 |
| MERCADOLIBRE | 1,510 | -1.33% | -28.39% | 1,530 | 1,558 | 1,502 | 881,110 |
In depth
This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. How we use AI · Report an error