How Pending Actas Influence Peru's Presidential Election Outcome

By Patricia Miller

Apr 17, 2026

2 min read

The outcome of Peru's presidential runoff hinges on 515 pending actas, determining whether Sánchez or López Aliaga advances.

As of now, over 5,000 observed actas and 515 pending actas remain crucial in determining the potential advance of Roberto Sánchez or Rafael López Aliaga to Peru's presidential runoff. The current market puts the chance of López Aliaga winning the presidency at 9.5%. However, this percentage is subject to change as uncertainty surrounding these contested ballots increases.

The factors affecting López Aliaga’s likelihood of advancing are complex, particularly since the gap between him and Sánchez is narrow. The pending actas could decisively tilt the election results in favor of either candidate. Allegations of fraud and requests for annulments complicate traders' strategies, leading them to adopt a more cautious approach with their investments.

#Why Should Investors Pay Attention?

López Aliaga’s chance of making it to the runoff is heavily reliant on how both observed and pending actas are managed. Any missing or contested actas could shift the balance in favor of Sánchez. If López Aliaga secures a presidential victory at a current market level of 14.5% confidence, investors may see a return of $1 for every 14.5¢ share purchased. However, the existing risk indicates he might not make it to the runoff at all.

Future statements from the Jurado Nacional de Elecciones and the Oficina Nacional de Procesos Electorales will act as key indicators moving forward. Any official rulings regarding the status and legitimacy of these actas, especially concerning annulment requests, could create significant market movement. Investors must remain vigilant and ready to adapt their strategies based on emerging developments.

Important Notice And Disclaimer

This article does not provide any financial advice and is not a recommendation to deal in any securities or product. Investments may fall in value and an investor may lose some or all of their investment. Past performance is not an indicator of future performance.