Thursday, May 28, 2026 · Covering Wednesday May 27 session
Summary
Argentina stock market report: the S&P Merval surged 5.05% to 3,072,011 on Wednesday May 27, a powerful second straight gain that broke the index out of its months-long range toward its January record. The move extended Tuesday’s holiday-reopen rally and outpaced the rest of Latin America by a wide margin, with Mexico edging higher while Brazil and Colombia fell. The driver is compounding confidence in President Milei’s macroeconomic program: country risk pressing toward a symbolic threshold, reserves near a multi-year record, and the energy sector leading. Momentum thrust higher to confirm the breakout, though the bond market remains the cautionary note.
The Big Three
The Merval closed Wednesday at 3,072,011, up 5.05% or about 147,655 points, opening near 2,924,356 and running to a 3,085,178 high before settling near the top. It was the second consecutive advance and a decisive one, clearing the consolidation band that had contained the index for months.
