Argentina Markets: Merval & the Peso -- July 4, 2026

Argentina Markets: Merval & the Peso -- July 4, 2026 reports a market that is rebounding but not yet breaking out as of July 3 trading. The ARGT proxy closed at 91.45, up 0.37%, though still 10.8% below its 52-week high of 102.57 within a 66.80–102.57 range. The Merval extended its bounce, gaining 1.13% the prior session, as buyers returned near support and the “reform story” remained intact. Trading concentration was centered on 01YPF, which rose 2.1% on about $3 million in turnover, double the flow into the next busiest ticker. Financials and the exchange also led, with BYMA up 2.3%, Banco Macro (BMA) up 2.1%, and IBIT up 2.5%, while YPFD topped both gainers and turnover. Money rotated into SPY (+1.6%, $2m) and several $1m tickers including GGAL, VIST, PAMP, MSFT, QQQ, and NVDA. USD/ARS ended at 1,488, essentially flat but near its weakest-ever level of 1,492.