April 28, 2009 / 9:15 PM / 9 years ago

Argentine stocks, bonds fall on U.S. bank worries

BUENOS AIRES, April 28 (Reuters) - Argentina’s stock, currency and bond market trends on Tuesday:

* The MerVal stocks index .MERV extended its losses for a second straight session, tracking Wall Street, which fell on worries that major banks may need more capital.

* Tenaris (TENA.BA)(TS.N), which makes steel pipes for the energy industry and is weighted as almost half of the MerVal, retreated 0.43 percent to 46.8 pesos per share.

* On the broader market, volume was a slack $4.5 million, with more than half in Tenaris.

* Prices for government bonds traded over the counter in Buenos Aires also fell, sliding 1.7 percent on average in light trade as investors pocked profits from recent gains..

    * Peso-denominated Disc bonds ARDISCP=RASL shed 4.9 percent, according to the ask price.

    * In formal exchange between banks, the peso fell 0.34 percent to 3.715/3.7175 per dollar ARS=RASL.

    * In informal trade between foreign exchange houses as measured by Reuters, the peso retreated 0.13 percent to end at 3.74/3.745 ARSB=. (Reporting by Walter Bianchi and Jorge Otaola; Writing by Kevin Gray; Editing by Dan Grebler)

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below