Argentine stocks, bonds fall on oil, profit taking

miércoles 26 de agosto de 2009 18:28 ART

BUENOS AIRES Aug 26 (Reuters) - Argentina's stock, currency and bond market trends on Wednesday.

* MerVal stocks index .MERV fell slightly, off 0.08 percent to 1,778.26 points -- the third consecutive drop -- as a fall in global oil prices affected some heavyweight stocks.

* Buenos Aires-listed shares of Brazilian energy company Petrobras de Brasil APBR.BA (PETR4.SA: Cotización) fell 1.31 percent to end at 83.00. Petrobras is weighted as 13.62 percent of the MerVal.

* On the broad market stocks volume was low at $9.0 million. Of active issues, 22 advanced, 34 declined and 19 were unchanged.

* Prices for government bonds traded over-the-counter in Buenos Aires fell 1.3 percent on average as investors took profits after several days of rising prices ahead of a government swap of inflation-linked bonds on Friday.

* The peso-denominated 2038 Par bond ARPARP=RASL plunged 5.8 percent to end at 24.40.

* In formal exchange between banks the peso strengthened 0.06 percent to end at 3.8475/3.8500 per dollar ARS=RASL.

* In informal trade between foreign exchange houses, as measured by Reuters, the peso weakened 0.06 percent to end at 3.8575/3.8625 ARSB=. (Reporting by Walter Bianchi and Jorge Otaola. Writing by Luis Andres Henao; Editing by Dan Grebler)