Argentina's stock, currency and bond market trends on Friday. MerVal stocks index fell 1.89 percent to 1,761.61 in line with falls on Wall Street as weak consumer sentiment data fuelled concern over the strength of an economic recovery. Market heavyweight Tenaris, 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 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 US dollar. In informal trade between foreign exchange houses, as measured by Reuters, the peso firmed 0.06 percent to end at 3.8575/3.8625.
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