Reports » Russia

Russian stock market daily evening report (November 18, 2009, Wednesday)

Contributed by Veles Capital

By Veles Capital

Stocks
 
Market today.  The trades began with price growth on the main range of shares against the background of the oil price increase. As usually the shares of Sberbank and Gazprom were bought. Among the shares of the 2nd echelon we might outline active demand of KAMAZ against the background of yesterday statements by Putin relating the efficiency of anti-crisis measures and state bail for the enterprise. The close of the session was more or less positive on behalf of the weak data from the newly built houses market of the U.S.

Market tomorrow. The output data on fuel supplies in the U.S. might make positive affect on the commodity market and oil price. Against the given background purchases might activate at the share market.
 

Bonds
                                                           
Market today. Growth went on at the bond market. Primarily that related the ruble bonds. Purchases were in various FLB and Moscow 54 and 62. Also demand was for the most liquid notes, such as: LUKOIL, NLMC, Mechel and NWT. In Eurobonds bids were visible also, though they were less aggressive than in ruble notes.

Market tomorrow. Auction on annual MMC note is expected. Considering from the way the other metallurgy workers are traded, the placement should be a success. Totally growth is expected due to funding is cheap and ruble is strong.
 

No comment
 
The number of newly-built houses in the U.S. dropped in October by 10.6% to 529 thousand buildings; growth by 1.7%was expected. (Interfax)
Core CPI index in the U.S. grew in October by 0.2%, upping by 0.1%. (Interfax)
Rate of refinancing in 2010 might reduce lower than 9% if the inflation is lower 9-10%. (CB)
Growth peak of overdue in the bank sector of RF is close, reduction of its growth rates might begin in January. (CB)
Net outflow of capital from the RF within 10 months formed 53 bn USD. (CB)
CB RF believes that in 2010 inflation might be lower than the target (9-10%). (CB)
Gazprom and Inter RAO are carrying out negotiations on exchange of energy assets in power energy sector. (Interfax)
The state does not plan participating in the additional emission by RusHydro for the recovery of Sayano-Shushinskaya HEPS. (Shmatko)
Vekselberg believes that IPO of RusAl will take place till the end of the year. (Interfax)