Key Facts
The Merval, Argentina’s benchmark stock index, fell 1.07% to close at 3,283,854 points on Thursday ending a rally that had pushed the index to historic highs earlier in the week.
Financial and energy stocks led the decline, with Grupo Galicia slipping 0.7% and Pampa Energía dropping 2.0% as traders took profits after a long run-up driven by optimism around President Javier Milei’s economic reforms.
The Argentine peso was virtually unchanged against the US dollar in the official market, edging down 0.03% to ARS 1,496 clinging to the very top of its 52‑week range and reflecting the central bank’s tightly managed crawling peg.
Trading volumes concentrated on local financial and energy names, with Grupo Galicia topping turnover at $15 million while cross-listed US tech trackers like Tesla and Google appeared on the most‑traded list, driven by overseas market moves.
