The S&P MERVAL Index (''MERcado de VALores'', ) is the most important

index Index (or its plural form indices) may refer to: Arts, entertainment, and media Fictional entities * Index (''A Certain Magical Index''), a character in the light novel series ''A Certain Magical Index'' * The Index, an item on a Halo megastru ...

of the

Buenos Aires Stock Exchange The Buenos Aires Stock Exchange (BCBA; es, Bolsa de Comercio de Buenos Aires) is the organization responsible for the operation of Argentina's primary stock exchange located at Buenos Aires CBD. Founded in 1854, it is the successor to the ''Banco ...

. It is a price-weighted index, calculated as the market value of a portfolio of stocks selected based on their market share, number of transactions and quotation price. The base of MERVAL is set at 30 June 1986 = 0.01

Argentine peso The peso (established as the ''peso convertible'') is the currency of Argentina, identified by the symbol $ preceding the amount in the same way as many countries using peso or dollar currencies. It is subdivided into 100 ''centavos''. Its ISO 4 ...

s. It is part of a joint-venture between

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and BYMA. The corporations and weighted prices that compose MERVAL are updated every three months, based on their market share during the previous period. As of 30 July 2021 the constituent companies of the index include Aluar (aluminium smelter), BBVA Argentina (financial services), Banco Macro (financial services), Sociedad Comercial del Plata (holding), Edenor (electricity),

Grupo Financiero Galicia Grupo Financiero Galicia is a financial services holding company based in Buenos Aires, and its banking operations are the fifth largest in Argentina, as well as the largest among all domestically-owned private banks in the country.

(financial services), Pampa Energía (energy), Ternium (steel),

Telecom Argentina Telecom Argentina S.A. is the major local telephone company for the northern part of Argentina, including the whole of the city of Buenos Aires. Briefly known as ''Sociedad Licenciataria Norte S.A.'', it quickly changed its name, and is usually kn ...

(telecommunications), and YPF (oil and gas).

Historical values

The following is a table showing the annual maximum, minimum and annual closing values of MERVAL between 1989 and 2021. During that period, the index hit its minimum value in 2001, some time before the explosion of the

economic crisis An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the p ...

, but recovered in an accelerated fashion after that. The index experienced its biggest one-day intraday loss in history on 12 August 2019, when the index plummeted 16,824.29 points or 37.93% following the Argentine peso devaluation and the defeat of

Mauricio Macri Mauricio Macri (; born 8 February 1959) is an Argentine businessman and politician who served as the President of Argentina from 2015 to 2019. He has been the leader of the Republican Proposal (PRO) party since its founding in 2005. He previ ...

in the

primary elections Primary elections, or direct primary are a voting process by which voters can indicate their preference for their party's candidate, or a candidate in general, in an upcoming general election, local election, or by-election. Depending on the c ...

. On July 7, 2022, the index closed above 100,000 points for the first time. This is due to the Argentine economy experiencing chronic inflation that is causing the peso to lose a lot of purchasing power in a short period of time. As a result, Argentine stocks actually lost value in hard currency terms such as U.S. dollars over the long run.

Record values

References

External links

Bloomberg page for MAR

Mercado de Valores de Buenos Aires

Bolsar

Historical chart
{{North and South American Stock market indices South American stock market indices Finance in Argentina