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Russian stock market daily evening report (November 17, 2009, Tuesday)

Contributed by Veles Capital

Stocks
 
Market today. The market slipped after growth the day before. Many preferred to fixate profit, especially on Sberbank and Gazprom. Sellers prevailed in Rosneft and Norilsk Nickel. LUKOIL and Surgutneftegas managed to keep their positions in the positive values. In the afternoon the players were affected by the negative stats from the U.S. and also weak data on the industrial production in RF. Oil did not provide any support either against the background of dollar that was getting stronger during the day.

Market tomorrow. Tomorrow data on sale of newly-built houses and fuel supplies in U.S. are expected. Likely, the expectations of the investors will be justified and the indices will drive to the green zone. Before their output lateral movement with no ideas is most likely.
 

Bonds
                                                           
Market today.  Quotes growth of ruble bonds continued, despite the morning correction at the share market. Demand structure was totally the same: FLB (25202, 25067, and 25069), Moscow (54th and 62nd issues), Krasnoyarsk Territory-4, NLMC MB-5, Petrokommerts 6 and 7, and also the issues of Lukoil 19 and 20. At the Russian Eurobond market sale came down a bit. Sovereign issue Russia 30 closed at the level of 113.6% of the nominal.

Market tomorrow. Wednesday might be less active in terms of purchases due to possible dollar strengthening at the global currency market. However, high volatility of financial markets makes forecasting complicated.
 

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Drop of industrial production in RF in October accelerated to 11.2%, worse than forecasted by analysts. (Rosstat)
Gazprom’s chief of export promises to up the sale by 13% in 2010 to 160.8 bn cubic meters, sales from export – by 20% to 51 bn USD. (Company)
NOVATEK upped the capacity of Yurharovskoe deposit in 3Q 2010 by 7 bn cubic meters. (Company)
Gazprom energy holding upped its share in TGC-1 from 29.5% to 30% shares. (Interfax)
Sales of WGC-2 within 9 months reduced by 7.74%. (Company)
Net profit of Comstar-UTS by US GAAP in 3Q 2009 dropped by 26% to 26.9 mn USD, worse than forecasted. (Interfax)
Shareholders of Polyus Gold intend to place 10% of shares in course of SPO. (Interfax)
Growth of industrial production in the U.S. in October turned out to be worse than forecasted. (Interfax)