MercadoLibre is trading at ARS 24,920.00, up 8.39%, following the surprise first-round result in Brazil’s October 5 presidential election.
- Reuters reported Brazil’s benchmark Ibovespa jumped 7.7% to a record as investors reacted to Flávio Bolsonaro’s stronger-than-expected finish.
- MercadoLibre was among the stocks reported to rally, alongside other Brazil-exposed shares.
- No separate company announcement explaining the October 6 move was found; election-driven regional repricing is the clearest reported catalyst.