Friday, July 6, 2007

Argentina stocks up, bonds slip amid select trade

(Reuters) - The MerVal index of 21 leading stocks gained 0.08
percent to close at 2,249.01 points. In the session's first
hour of trade, it reached a record intraday high of 2,263.27
points after rising 0.72 percent.




"The selectivity was total," said Mariano Tavelli, trader
with Tavelli and Company brokerage. "The market's weakness is
related to bank stocks, which have been hurt by lower bond
prices, and industrial stocks, hit by the energy crisis."


Read more at Reuters.com Bonds News

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