Reports » Russia

Russian stock market daily evening report (February 11, 2010, Thursday)

Contributed by Veles Capital

By Veles Capital

Stocks
 

Market today. Trades at the Russian share market on Thursday began with positive tune. Following the increased oil and Asian grounds the Russian chips moved up also. Reduction began in the afternoon due to oil behavior. Purchases were indicated in Sollers against the background of establishing a JE with Fiat, and also in Volgatelecom.

Market tomorrow. Likely negative background is made by the foreign factors, which might lead to weak open of Russian markets on Friday.

Bonds
                                                 

Market today. Trade activity in the segment of ruble notes was rather high. Positive mood was prevailing at the market. Increased demand was in RZD-23, and also in 10th and 11th issues of Rosselhozbank, which were traded via forward deals. In the segment of state shares the highest demand was for 26202 and 25068 issues. At the Russian Eurobond market positive mood was prevailing also. By the end of the day Russia 30 sovereign issue managed to climb to the level of 112.85% of the nominal. The key, but not quite a market event in the corporate sector was the rapid climbing of quotes of Promsvyazbank 2018 issue. The note upped in price to 129% of the nominal. They say one of the big foreign clients could not close the short-term position on it.

Market tomorrow. On Friday sellers might return to the market. The reasons are the same – absence of exact decisions on Greece and the respective drop of Euro, price reduction and further weakening of ruble.

No comment
Claims for unemployment dropped by 43 thousand in the U.S., reduction by 15 thousand was expected. (Interfax)
International reserves of RF as of February 5 lowered to 433.2 bn USD. (CB)
Oil export duty in RF as of March 1 might reduce to 254.2 USD per ton. (Interfax)
Recoverable reserves of NOVATEK by SEC grew in 2009 to 6.9 bn barrels. (Company)
Severstal will up the investments in 2010 by 40% to 1.4 bn USD. (Company)
Sollers and Fiat signed an agreement on establishing a JE on output of vehicles in RF, government of RF ordered elaborating the matter of providing a 2.1 bn euro credit for 15 years to the JE. (Interfax, Putin)
EBRD and Daimler bought 4% and 1% of shares of KAMAZ respectively. (Daimler)