Argentina Markets: Merval & the Peso — September 3, 2026
Argentina's Merval rose 1.86% to 3,106,216 on September 2 as the Milei reform trade lifted banks and energy. The peso eased slightly to 1,511 per dollar. The post Argentina Markets: Merval & the Peso — September 3, 2026 appeared first on The Rio Times .
Argentina's Merval index, a benchmark for Buenos Aires-listed shares, experienced a 1.86% increase on Wednesday, finishing at 3,106,216 points. The surge was driven by banking and energy sectors, which are most impacted by President Javier Milei's initiatives for deregulation and fiscal restraint. In the forex market, the peso softened by 0.13% to 1,511 per dollar, just 0.2% shy of its 52-week peak of 1,514.
This gradual depreciation is an integral component of the government's anti-inflation policy. YPF, the state-owned oil and gas company, saw the day's highest trading volume at $10 million, rising 2.8%. Grupo Galicia, a major financial entity, climbed 1.6%, while utility firm Central Puerto increased by 2.5%. The market's ongoing pattern reflects investors' belief in Argentina's normalisation - lower inflation, stable budgets, and eventual reintegration into global capital markets.
The market's expectation of continued policy discipline is evident, with bank and energy flows demonstrating confidence in the reform agenda even as the peso edges towards historic lows.
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