Rafael López Aliaga holds a commanding lead in the market for third place in Peru’s April 12 first-round presidential vote because the near-final official tally has locked in his position behind Keiko Fujimori and Roberto Sánchez. With more than 99 percent of ballots counted, Fujimori leads at roughly 17 percent, Sánchez sits second near 12 percent, and López Aliaga remains third at about 11.9 percent, a margin that has held steady through the protracted count. Fragmentation among more than thirty candidates, combined with López Aliaga’s consistent base among conservative voters in Lima and northern departments, has prevented any trailing contender from closing the gap. Late shifts remain possible only if remaining overseas or rural ballots produce an unexpected reversal exceeding several thousand votes, an outcome traders view as highly improbable given current trends.