Monday, May 25, 2026 · Covering Friday May 22 session and weekend
Summary
Argentina Merval stock market report: the index eased 1.08% to 2,846,220.22 Friday after Thursday’s +3.19% breakout, netting +5.1% on the week and leading LATAM by a wide margin. YPF ADR rose 8.2% to $47.99, a 15-year high. Country risk fell 24bp to 514 bps — closest to 500 since the 2018 Macri-IMF cycle. BCRA reserves $46.803B. RSI and MACD remain bullish.
The Big Three
Merval closed Friday at 2,846,220.22 (−1.08%, −31,218 pts), giving back roughly one third of Thursday’s +3.19% breakout. The candle is digestion, not breakdown: opened 2,866,690, range 2,842,297–2,870,946, close above the Kijun cluster. Weekly print +5.1% in pesos is the strongest in LATAM by 4+ points. Breadth Friday was thin negative — 5 of 14 names higher, Financials led, Utilities lagged.
