The Merval fell 37% and there were stock price declines of up to 47%

After the triumph of the opposition at the STEP, the
Merval fell by 37% and inventories fell by 10 percentage points, or 47%.

The
stock those who lost the most on Monday after the elections were Grupo Financiero Galicia (47.06%); Pampa Energía (44.88%) and Banco Macro (46.52%).

The day started badly. Eight minutes after the opening of the local wheel, the index dropped by 10%, the "floor" was 6% and stocks up to 53%. An hour later, the index dropped by 20% and the "floor" of victims started at 9.5%. The "ceiling" was 42%.

The numbers – the worst in two decades, as financial badysts point out this morning – also accompany declines in
Wall Street. At the end of the wheel in New York, the
stock The most lost are those of Edenor (58.87%), Banco Supervielle (58.69%) and Grupo Financiero Galicia (56.12%).

Last Friday, the local market had its last pre-election day "atypical": the Merval index rose 7.97% two days after the PASS, which led to speculation that
markets they had data on a possible good result for election officialism, which was not verified afterwards.