MERVAL

Argentinian stock market index

This article is about the stock market index. For the Metro Regional de Valparaíso, also MERVAL, see Valparaíso Metro.

S&P MERVALOperator| Bolsas y Mercados Argentinos (BYMA)

|

Trading symbol| MERVAL
Website| https://www.byma.com.ar/indice-merval/
ISIN| ARMERV160025
Bloomberg| MERVAL:IND

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]

## Contents

* 1 Historical values
* 1.1 Record values
* 2 References
* 3 External links

## Historical values[edit]

Monthly closing values of MERVAL since 1992. Source: FactSet via WSJ[4]

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]

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.[7]

Year | Maximum | Minimum | Final

|
|
|

1992 | 890.41 | 315.38 | 426.33
1993 | 581.92 | 356.56 | 581.92
1994 | 727.85 | 436.97 | 460.49
1995 | 518.96 | 262.11 | 518.96
1996 | 650.23 | 491.71 | 649.37
1997 | 866.47 | 576.32 | 687.50
1998 | 715.93 | 301.73 | 430.06
1999 | 604.10 | 340.61 | 550.47
2000 | 645.29 | 396.55 | 416.77
2001 | 539.20 | 200.86 | 295.39
2002 | 525.09 | 267.73 | 524.95
2003 | 1077.98 | 520.55 | 1071.95
2004 | 1389.53 | 839.93 | 1375.37
2005 | 1731.33 | 1276.48 | 1543.31
2006  | 2097.33  | 1486.56  | 2090.46
2007  | 2354.73  | 1751.75  | 2151.73
2008  | 2257.25  | 819.36  | 1079.66
2009  | 2343.29  | 914.07  | 2320.73
2010  | 3538.59  | 2060.18  | 3523.59
2011  | 3700.90  | 2212.28  | 2462.63
2012  | 2976.83  | 2118.07  | 2854.29
2013  | 5825.37  | 2867.43  | 5391.03
2014  | 12599.42  | 5244.86  | 8579.02
2015  | 14597.20  | 7976.00  | 11675.18
2016  | 18431.54  | 9199.81  | 16917.86
2017  | 30277.53  | 16921.64  | 30065.61
2018  | 35461.52  | 24618.09  | 30292.55
2019  | 44470.76  | 22484.40  | 41671.41
2020  | 56114.04  | 21738.62  | 51226.49
2021  | 97024.42  | 46011.61  | 83500.11

### Record values[edit]

Category  | All-time highs[4]

|

Closing | 169,301.34 | Wednesday, November 30, 2022
Intraday | 170,311.40 | Wednesday, November 30, 2022

## References[edit]

1. ^ "S&P MERVAL (ARS) TR - S&P Dow Jones Indices". espanol.spindices.com. Retrieved 30 August 2020.
2. ^ Yahoo list
3. ^ "MERVAL" (in Spanish).
4. ^ a b "SPMERVAL | S&P MERVAL Index Advanced Charting - WSJ". www.wsj.com. Retrieved 30 November 2022.
5. ^ "MERVAL Index (Argentina) Yearly Stock Returns". www.1stock1.com. Retrieved 19 January 2020.
6. ^ "La bolsa de Buenos Aires se desploma un 37,93 % tras la derrota de Macri". www.efe.com (in Spanish). Retrieved 7 December 2021.
7. ^ de 2022, 7 de Julio. "Mercados: el Merval rompió un récord en pesos pero siguió mínimos medido en dólares". infobae (in European Spanish). Retrieved 14 September 2022.

## External links[edit]

* Bloomberg page for MAR
* Mercado de Valores de Buenos Aires
* Bolsar Archived 20 June 2006 at the Wayback Machine
* Historical chart[permanent dead link]

* v
* t
* e

MERVAL Companies of Argentina (as of 29 October 2021)

* Aluar
* Banco Macro
* BBVA
* Bolsas y Mercados Argentinos
* Cablevisión
* Edenor
* Grupo Financiero Galicia
* Grupo Supervielle (es)
* Laboratorios Richmond (es)
* Loma Negra
* Mirgor
* Pampa Energía
* Sociedad Comercial del Plata
* Telecom Argentina
* Ternium
* Transener
* Transportadora de Gas del Sur
* YPF

* v
* t
* e

Major North and South American stock market indices

United States|

* Dow Jones Industrial Average
* Dow Jones Transportation Average
* Dow Jones Utility Average
* Nasdaq-100
* Nasdaq Composite
* NYSE Arca Tech 100 Index
* NYSE Composite
* S&P 100
* S&P 400
* S&P 500
* S&P 600
* Russell 1000 Index
* Russell 2000 Index
* Russell 3000 Index
* Wilshire 5000

Canada|

* S&P/TSX 60
* S&P/TSX Composite Index

Mexico|

* Indice de Precios y Cotizaciones

Colombia|

* COLCAP
* Indice General de la Bolsa de Valores de Colombia

Brazil|

* Índice Bovespa

Chile|

* Índice de Precio Selectivo de Acciones

Argentina|

* MERVAL

Peru|

* S&P/BVL Peru General Index

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