Argentina stocks, bonds rise while peso holds flat
BUENOS AIRES, July 27 (Reuters) - Argentina's stock, currency and bond market trends on Monday:
* The MerVal stocks index .MERV rose 0.64 percent to 1,685.95 points on the strength of steel and energy stocks that were lifted by bargain-hunting in thin trade.
* Shares of steelmaker Siderar SID.BA, the local unit of Latin America's Ternium (TX.N: Cotización) and the country's biggest producer of rolled steel, led the gains, rising 9.8 percent to 13.35 pesos per share.
* Prices for government bonds traded over-the-counter in Buenos Aires gained 1.5 percent on average.
* Bonds have been rising since last week, when the economy minister said he would seek to swap and buy back the inflation-indexed bonds that account for at least a third of the country's sovereign debt.
* The dollar-denominated 2014 Boden bond was among the winners, jumping 4 percent ARBODEN14D=RASL to an ask price of 20.90.
* On the broader market, volume was a thin $8.5 million. Among active issues, 41 advanced, 19 declined and 12 were unchanged.
* In formal trade between banks, the peso was unchanged at 3.8075/3.81 per dollar ARS=RASL as the central bank intervened in markets to keep the local currency stable.
* In informal trade between foreign exchange houses as measured by Reuters, the peso rose 0.26 percent to close at 3.87/3.875 per dollar ARSB=. Traders said interest in the greenback's safe-haven appeal had dipped and trade was light. (Reporting by Walter Bianchi; Writing by Dana Ford)
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