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Russian stock market daily evening report (March 05, 2010, Friday)

Contributed by Veles Capital

By Veles Capital

Stocks

Market today. Against the week information, but totally positive background, the market was gradually reaching another step up.

Market tomorrow. The mood of the international grounds looks optimistic, so there is no reason for the negative at the Russian market. But we should consider that the coming Monday is a day-off – during that time the global conjuncture might change.
 

Bonds
 
Market today. In the first part of the day on Friday the participants continued buying by relatively high volumes, however in the afternoon things got calm. The turnover leaders were the following: Moscow-49, Rosselhozbank-3 and RZD-23. Increased interest was on the shares of Severstal MB-2, Sibmetinvest-1,-2, Sistema-2,-3, MTS-5 and Bashneft-3. At the Eurobond market the activity was minimal. Sovereign issue Russia 30 reduced to the level of 114.5% of the nominal. Details of the new placement by the Bank of Moscow got clear today. The final volume was upped to 750 mn USD, and the placement rate turned out to be at the level of 6.99%.

Market tomorrow. On Tuesday the ruble market is expecting a wave of activity due to the market participants will be correcting their positions according to the global indices dynamics. However, the total positive conjuncture unlikely changes radically on Monday.
 

No comment
 

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Transneft might complete construction of the linear section of BTS-2 till the end of 2010. (Interfax)

AvtoVAZ will export 5 thousand vehicles and car kits in February. (Interfax)

Kalina concern consolidated 100% of Dr. Scheller. (Interfax)