Argentina's benchmark Merval index extended its recovery on June 29, rising 1.71% to close near 3,176,750.
The gain marked the third consecutive session of positive returns, helping the market recover from the lows hit earlier in the week when investors had briefly snubbed the index.
The rally came as the peso held steady, providing a stable backdrop for equity buying.
The stabilization of the currency suggests that the initial shock from recent economic data is fading, allowing the broader "reform trade" narrative to regain traction among investors.
This market resilience persists despite underlying economic headwinds.
Recent official data showed the Argentine economy contracted in April, and analysts have noted that soaring utility bills are eroding the purchasing power of lower-income households.