Argentina · Markets

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.

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Argentina — Live Market Board

-0.71%

173,885.34

-1.52%

66,475.94

-1.23%

10,935.89

+0.52%

3,233,105

-0.71%

2,304.68

+0.15%

57,237.60

| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| MERVAL | 3,233,105 | -0.71% | +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 |

7 of 14names higher.

Technologyled, while

Mininglagged.

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.

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.

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.