Reports » Russia

Russian stock market daily evening report (February 18, 2010, Thursday)

Contributed by Veles Capital

By Veles Capital

Stocks
 

Market today. Under the affect of oil getting cheaper and weak stats from the U.S. on Thursday the Russian grounds closed the day negatively. However, no aggressive purchases were indicated. Rosbank grew in price sharply due to news on merging with SG. Serious drop was on Sberbank due to “no reason to up the dividends”.

Market tomorrow. The external background is not that bad. Unlikely the market will show serious variations on Friday. However, cautious departure from the notes on threshold of next “not standard” trading week is possible.
 

Bonds
                                                   
Market today. During the day relatively aggressive purchasing was indicated on the whole range of the liquid shares. The highest turnover was on the issues of Systema-2, VTB-24-1, Rosselhozbank-3, VTB-6, Akron-3 and MMC MB-1. Anxiety was indicated around the just placed issue of Severstal, the quotes of which formed 101.3% of the nominal at the forward market. At the Russian Eurobond market positive price dynamics and increase of the number of deals took place. The sovereign issue Russia 30 was trading a bit lower than 113% of the nominal value. Demand for the issues of Tatfondbank 2011, Mezhprombank 2010, Mezhprombank 2013 and also the issues of TNK-BP and Severstal was indicated at the corporate segment.

Market tomorrow. On Friday growth of the ruble bonds continued, which particularly will be supported by the favorable conjuncture at the commodity markets, and also the message by CB on the coming reduction of rate for ruble.
 

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International reserves of RF as of February 12 reduced to 431.5 bn USD, outflow of capital from RF formed about 13 bn USD in January. (CB)
Claims for unemployment in the U.S. grew by 31 thousand, reduction by 2 thousand was expected; producers’ prices grew in January by 1.4%, growth by 0.8% was expected. (Interfax)
There is no reason to up the dividends of Sberbank and VTB. (Interfax, referring to Ulyukaev)
Societe Generale and Interros are mergering Rosbank and the Russian subsidiaries of Societe Generale. (Company)
FAS might initiate proceedings against the “big three” cellular operators due to expensive roaming. (Interfax)