Argentine bonds, stocks gains for second day

miércoles 22 de abril de 2009 18:03 ART

BUENOS AIRES, April 22 (Reuters) - Argentina's stock, currency and bond market trends on Wednesday:

* The MerVal stocks index .MERV rose 0.54 percent to 1,226.97 points, climbing for a second straight session due to solid gains by index heavyweight Tenaris.

* Tenaris (TENA.BA: Cotización)(TS.N: Cotización), which makes steel pipes for the energy industry and is weighted as almost half the MerVal, rose 2.04 percent to 45.1 pesos per share as investors bought the stock as a safe-haven from the peso's depreciation, traders said.

* On the broader market, trade volume was thin at just over $12 million. Of active issues 35 declined, 19 advanced and 8 were unchanged.

* Prices for government bonds traded over the counter in Buenos Aires also rose for a second consecutive day, gaining 0.6 percent on average in selective buying.

* Peso-denominated Par bonds ARPARP=RASL gained 1.7 percent, according to the ask price.

* In formal exchange between banks, the peso fell 0.14 percent to 3.695/3.6975 per dollar ARS=RASL, its fourth consecutive loss against the greenback. Traders said central bank dollar purchases exceeded sales by grains exporters.

* In informal trade between foreign exchange houses as measured by Reuters, the peso fell by 0.4 percent to 3.7375/3.7425 ARSB=. (Reporting by Walter Bianchi and Jorge Otaola; Writing by Helen Popper; Editing by Diane Craft)