MERVAL

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

The MERVAL Index (MERcado de VALores, literally 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.

The corporations and weighted prices that compose MERVAL are updated every three months, based on their market share during the previous period.

As of May 2017 the companies in it are Aluar (aluminium smelter), BBVA Banco Francés, Banco Macro, Sociedad Comercial del Plata (holding), Edenor (electricity), Grupo Financiero Galicia (financial), Pampa Energía, Ternium(steel), Telecom Argentina(telco), Tenaris (steel pipes), YPF (oil and gas).

Historical values

The following is a table showing the annual maximum, minimum and average values of MERVAL between 1996 and 2019. 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.

Year	Maximum	Minimum	Final
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			2090.46
2007			2151.73
2008			1079.66
2009			2320.73
2010			3523.59
2011			2462.63
2012			2854.29
2013			5391.03
2014			8579.02
2015			11675.18
2016			16917.86
2017			30065.61
2018			30292.55
2019			41671.41

External links

• Bloomberg page for MAR
• Mercado de Valores de Buenos Aires
• Bolsar
• Historical chart