Argentina stocks dip from 10-month high, peso flat
BUENOS AIRES, July 24 (Reuters) - Argentina's stock, currency and bond market trends on Friday:
* The MerVal stocks index .MERV fell 0.25 percent to 1,675.10 points as investors pocketed profits one day after the index hit a 10-month high.
* Shares of Banco Frances (FRA.BA: Cotización) dropped 2.65 percent to 5.5 pesos per share.
* Prices for government bonds traded over the counter in Buenos Aires fell 0.7 percent on average, the first drop this week.
* The peso-denominated Par bond was among the losers, falling 2.8 percent ARPARP=RASL to an ask price of 22.65.
* On the broader market, volume was $10.8 million. Among active issues, 47 advanced, 32 declined and 13 were unchanged.
* In formal trade between banks, the peso weakened just 0.07 percent to 3.8075/3.81 per dollar ARS=RASL as the central bank sold dollars early in the day to keep the local currency stable. Traders said safe-haven dollar-buying had slowed a little.
* In informal trade between foreign exchange houses as measured by Reuters, the peso ended flat at 3.88/3.885 per dollar ARSB=.
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