By Veles Capital
Stocks
Market today. Players were in extremely positive mood overreacting to the results of the ATES summit, and also to the dollar weakening oil price growth that followed. The RTS index renewed the annual maximums and exceeded the October levels. Buyers showed most interest in the shares of Sberbank, VTB, Gazprom and principal oil chips.
Market tomorrow. Possibility that the positive mood will remain is relatively high. Positive external background will be supporting that. However the effort of the players might get weaker.
Bonds
Market today. On Monday during the whole day increased interest in ruble debt markets was indicated. First of all the investors were interested in the new issues among those placed this fall: Krasnoyarsk Territory-4, NLMC MB-5, Petrocommerts 6 and 7. The only exception is Mechel MB-1, which is still trading lower than the nominal. The interest also was in the notes of Moscow (54th and 62nd issues) and FLB (25202, 25067, 25069).
Market tomorrow. On Tuesday the quotes growth might continue against the background of ruble and total positive at the exchange grounds. Excess ruble liquidity also supports the reduction of yields of debt instruments.
No comment
Bashneft within 9 months reduced net profit by RAS by 34%. (Company)
Evraz Group lowered the sales within 9 months by 2.4 times to 7.1 bn USD. (Company)
Belon within 9 months reduced two times more. (Company)
Severskiy pipe plant lowered the sales by 32% within January-September. (Company)
Sredneuralskiy copper smelting plant lowered by 35% within 9 months. (Company)
In 2010 Silvinit plans to up the output of potassium chloride by at least 20% to 4.2 mn tons. At that the prices of potassium for fertilizers’ producers in RF are planned to be upped from 2010 by 20%. (Sabirov, company).
UMPO offers to exchange 2nd series bonds in the volume of 4 bn RUR to new ones in the volume of 3 bn RUR. (Company)
Eurasia Drilling will place up to 9% of shares at LSE, pay intermediate dividends of 150 mn USD. (Company)
State portfolio of NMTP was included in the plan of privatizing for 2010. (Shuvalov)
