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Russian stock market daily evening report (February 26, 2010, Friday)

Contributed by Veles Capital

By Veles Capital

Stocks
 

Market today. Totally the dynamics of the market was congenerical on Friday. At the same time even the negative news from the U.S. on the selling of houses managed to change the mood of the players just for a second and the positive dynamics retuned in a flip of an eye. The main demand was indicated within the most liquid shares, but significant “outshouts” in low liquid shares also (WGC-2, ISK Cheloveka, AMZ).

Market tomorrow. Foreign macroeconomic background remains negative. But the leading foreign financial and commodity grounds are still showing positive mood. Due to that the possibility of light positive dynamics of the Russian share market to continue is high.
 

Bonds
 
Market today. Lateral dynamics prevailed at the domestic bond market during the day, though the activity of trades was relatively high considering the end of the month. The focus was on the following issues: Sistema-2, RZD-23, MTS-5, Petrocombank-4, and the new issues of Rosselhozbank (10, 11) of course. Surprisingly at the forward market the deals on the new 5-year issue by VTB went by the price lower than nominal. However, someone got more than had to and the drop might be of temporary nature.

Market tomorrow. We are expecting an extremely boring day tomorrow due to many participants have already closed the month. Technical deals are most possible against such a “thin” market.
 

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Selling houses at the secondary market of the U.S. dropped in January by 7.2% (0.9% upping was expected). (Interfax)
Ministry of Trade of the U.S. revised estimation of GDP growth in 4Q to 5.9% from 5.7%, analysts did not expect revision. (Interfax)
Consumer trust index of the U.S. in February reduced to 73.6 points, 73.9 p. value was expected. (Interfax)
Inflation in RF from 16 to 24 February accelerated to 0.3%, from the beginning of the year formed 2.4%. (Rosstat)
Rosneft upped the plan of extracting oil in 2010, capital investments will exceed 300 bn RUR. (Interfax)
CTC Media in 2009 upped the net profit by 347% to 100.4 mn USD (lower than forecasted) and paid dividends for the first time, having directed 40 mn USD to the shareholders in 2010. (Interfax)