MERVAL

The S&P MERVAL Index (MERcado de VALores, lit. 'Stock Market') is the most important index of the Buenos Aires Stock Exchange. 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 pesos.

It is part of a joint-venture between S&P Dow Jones Indices and BYMA.^[1]

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 (financial services), Pampa Energía (energy), Ternium (steel), Telecom Argentina (telecommunications), and YPF (oil and gas).^[2][3]

Historical values[]

The following is a table showing the annual maximum, minimum and annual closing values of MERVAL between 1992 and 2021. During that period, the index hit its minimum value in 2001, some time before the explosion of the economic crisis, but recovered in an accelerated fashion after that.^[5]

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 in the primary elections.^[6]

Record values[]

References[]

External links[]

• Bloomberg page for MAR
• Mercado de Valores de Buenos Aires
• Bolsar
• Historical chart^{[permanent dead link]}