Monday, July 16, 2007

Argentina stocks fall on profit-taking, bonds flat

(Reuters) - The MerVal notched record highs repeatedly last week amid a
wave of stock purchases in oil and energy-related companies,
which resulted in a record close of 2,289.13 on Thursday.




"In a market that was reaching record highs, an adjustment
of positions was expected," said Nestor De Cesare, an analyst
with Allaria Ledesma and Company brokerage.


Read more at Reuters.com Bonds News

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