The Lima mayoral race on October 4 remains tightly contested among more than 20 registered candidates, with trader consensus reflecting uncertainty ahead of the vote. Recent candidate withdrawals, including Luis Rubio’s exit, have redistributed support toward figures such as Rafael López Aliaga, Carlos Bruce, and Francis Allison, whose polling and market shares sit in the low-to-mid 20s percent range. A fragmented electorate, limited name recognition for many contenders, and ongoing debates over municipal management, security, and legal eligibility questions continue to prevent any single candidate from consolidating a clear lead. Further shifts could emerge from scheduled debates, additional withdrawals, or late endorsements in the final weeks.