August 14, 2009 / 8:59 PM / 11 years ago

Argentine stocks fall behind Wall St, bonds weaker

 BUENOS AIRES, Aug 14 (Reuters) - Argentina’s stock, currency and bond market trends on Friday.
 * MerVal stocks index .MERV fell 1.89 percent to 1,761.61 in line with falls on Wall Street as weak consumer sentiment data fueled concern over the strength of an economic recovery.
 * Market heavyweight Tenaris TENA.BA(TS.N), a global producer of steel pipes for the energy industry, fell 1.92 percent to end at 58.7 pesos per share.
 * On the broad market stocks volume was light at $11.4 million. Of active issues, 21 advanced, 48 declined and 7 were unchanged.
 * Prices for government bonds traded over-the-counter in Buenos Aires fell 0.7 percent after July consumer price data released on Wednesday underlined skepticism over government statistics.
 * Official July inflation came in at 0.6 percent, well below private estimates of the real rise in prices.
 * The peso-denominated Par 2038 ARPARP=RASL fell 1.4 percent to an ask price of 24.30.
 * In formal exchange between banks, the peso weakened 0.13 percent to 3.8400/3.8425 per U.S. dollar ARS=RASL.
 * In informal trade between foreign exchange houses, as measured by Reuters, the peso firmed 0.06 percent to end at 3.8575/3.8625 ARSB=.  (Reporting by Jorge Otaola; Writing by Luis Andres Henao; Editing by James Dalgleish)        

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