Argentina Markets: Merval & the Peso — July 15, 2026

Argentina · Markets

Key Facts

— Argentina’s S&P Merval eased 0.30% on Tuesday, closing at 3,229,323 points in pesos.

— Utility Metrogas (METR) jumped 5.5%, but exchange operator BYMA fell 2.4%.

— Energy names held up, with YPF (YPFD) up 0.8% and the gas transporters higher.

— The peso firmed, with the dollar down 0.84% to about 1,470.

— The index is consolidating just below record territory.

Argentina’s S&P Merval eased 0.30% on Tuesday to close at 3,229,323 in pesos, a shallow pullback from record territory even as the peso firmed against a softer dollar.

The session in one read

The Merval slipped 0.30% on Tuesday to 3,229,323 points, giving back a fraction of its recent gains. After a strong run into record territory, a modest pullback on steady volumes looked more like consolidation than a change in direction, particularly with the peso firming.

The internals were mixed rather than weak: gas and energy names led while the financial exchange and some banks lagged. YPF, the bellwether, held modestly higher.

The day’s numbers

Instrument

Level

Change

S&P Merval

3,229,323

−0.30%

S&P 500

7,544

+0.38%

USD/ARS

1,470

−0.84%

Live Market IntelligenceArgentina — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

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Argentina — Live Market Board

BYMA · Buenos Aires

Jul 15, 2026 · 03:52

S&P MERVAL · benchmark

3,229,323

-0.30%

+56.46% over 12 months

Market breadth · 14 names

64% advancing

9 ▲ advancing5 declining ▼

Currencies, rates & key inputs

USD / ARS

1,470

-0.88%

Brent crude

85.28

+0.65%

Soybeans

1,194

-1.08%

Sector heatmap · average move today

Telecom

+1.94%

TELECOM ARG

Energy

+1.12%

YPF, TGS

Utilities

+0.23%

PAMPA, CEPU

Mining

+0.08%

TXAR

Materials

-0.20%

ALUAR, LOMA NEGRA

Consumer Disc.

-0.56%

MIRGOR, MERCADOLIBRE

Financials

-0.60%

GGAL, COME, BYMA

Technology

-3.74%

GLOBANT

Latin America scoreboard

IndexLastTodayStrength

IbovespaBrazil

176,641.10

+0.51%

S&P/BMV IPCMexico

66,529.27

+0.85%

S&P IPSAChile

11,024.10

+1.05%

S&P MERVALArgentina

3,229,323

-0.30%

MSCI COLCAPColombia

2,298.73

-0.39%

BVL S&P PerúPeru

56,428.20

—

Full instrument board

Instrument

Last

Change

YoY

Prev.

High

Low

Volume

MERVAL

3,229,323

-0.30%

+56.46%

3,280,224

—

—

—

USD/ARS

1,470

-0.88%

+14.93%

1,483

1,482

1,469

—

YPF

77,775

+0.78%

+92.75%

77,175

78,700

76,750

237,768

GGAL

7,910

-2.10%

+30.10%

8,080

8,270

7,895

2,087,000

PAMPA

5,230

+0.10%

+41.16%

5,225

5,295

5,170

645,385

TXAR

665.00

+0.08%

+0.61%

664.50

670.00

660.00

576,585

ALUAR

949.00

-1.61%

+30.18%

964.50

972.00

945.00

408,208

TGS

9,710

+1.46%

+47.79%

9,570

9,750

9,510

163,101

CEPU

2,327

+0.35%

+61.60%

2,319

2,336

2,291

620,768

MIRGOR

16,750

-1.47%

-20.80%

17,000

17,025

16,700

548

COME

45.75

+2.17%

-12.05%

44.78

46.00

44.75

4,960,206

LOMA NEGRA

3,540

+1.22%

+28.69%

3,498

3,580

3,465

201,745

BYMA

302.50

-1.87%

+56.77%

308.25

310.00

300.00

10,902,463

TELECOM ARG

4,333

+1.94%

+96.04%

4,250

4,348

4,180

294,621

GLOBANT

30.92

-3.74%

-62.51%

32.12

32.20

30.00

1,609,308

MERCADOLIBRE

1,874

+0.35%

-21.59%

1,867

1,896

1,842

397,757

Largest moves today

GLOBANT

30.92

-3.74%

COME

45.75

+2.17%

GGAL

7,910

-2.10%

TELECOM ARG

4,333

+1.94%

BYMA

302.50

-1.87%

ALUAR

949.00

-1.61%

MIRGOR

16,750

-1.47%

TGS

9,710

+1.46%

The session read

The S&P MERVAL eased 0.30%, with breadth positive — 9 of 14 names higher. Telecom led, while Technology lagged.

From The Rio Times

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LatAm Pre-Open — Wednesday, July 15, 2026

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The day’s movers

Stock

Move

Turnover / note

Metrogas (METR)

+5.5%

Top gainer, utilities

Telecom (TECO2)

+1.9%

Telecoms firm

TGN / TGS

+1.5%

Gas transporters rise

YPF (YPFD)

+0.8%

Energy bellwether

BYMA

−2.4%

Exchange operator lags

The spread between the energy gainers and the financial laggards captured a session of rotation rather than a broad move in either direction.

Why it moved

Argentine equities have rallied hard on optimism around the government’s reform agenda and falling inflation, and after that kind of run, shallow pullbacks are normal as investors lock in gains. Nothing on Tuesday pointed to a change in the underlying story; the move was small and came against a supportive currency backdrop.

The currency

The peso strengthened, with the dollar easing 0.84% to about 1,470, near the top of its 52-week range. A firmer currency is part of the broader disinflation narrative that has underpinned the Merval’s advance and kept the day’s equity losses contained.

The technical picture

At roughly 3.23 million points, the Merval is consolidating just below its recent record levels. The trend remains higher; holding above the recent breakout zone keeps the technical picture constructive, while the pace of the rally makes occasional pauses likely.

What to watch next

The direction of the reform agenda, the inflation trajectory and country risk still matter more than any single session for Argentine assets, and will decide whether the Merval breaks to new highs.

The read for investors

The Merval’s run has been built on disinflation and the promise of reform, and the peso’s steady firming is the clearest market signal that the disinflation story remains intact. A 0.30% pullback near record highs changes none of that; it is the kind of pause that tends to punctuate a strong trend rather than end it. The risk, as always in Argentina, is political and fiscal rather than technical, and it is there — not in any single session — that the next big move will be decided.

Reported for The Rio Times — Argentina market wrap. Filed Wednesday, July 15, 2026. Figures: EODHD end-of-day.