Reports » Russia

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

Contributed by Veles Capital

By Veles Capital

Stocks
 

Market today. The market was lightly volatile. The day began with growth and ended with dropping and mainly repeated the dynamics of the oil cost. A bit more aggressive sale was on the shares of Rosneft – threat on behalf the western legislation laid the quotes down. Demand is gradually returning to the preferred shares of telecommunication companies’ shares.

Market tomorrow. The day will most likely be a calm one tomorrow. The quotes will depend on oil due to the issue of the significant stats is not expected.
 

Bonds
                                                         
Market today. Today the activity was rather low. It was mainly provoked by the multiple-valued news from Europe on Greece. Main trades went on the new forward VTB. The note did not climb high much having reached the maximum of 100.4. Ruble Eurobond by Rosselhozbank with the 7.5% rate was placed not quite badly. After the book has been closed the note added in price to 100.125. RZD-10 and RZD-23 were trading slightly higher. Buy appeared in Mechel.

Market tomorrow. It is complicated to speak about the kind of dynamics we see tomorrow. Many are following the news from Europe and the U.S. The news that the trades will be basing on tomorrow might come out today evening.
 

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International reserves of RF as of March 12 grew to 441.3 bn USD. (CB)

Primal claims for unemployment reduced last week in the U.S. by 5 thousand and totaled 457 thousand. (Interfax)

Court of London ordered arresting a share of property of Rosneft in the UK, there are no restrictions on payments for oil supplies. (Rosneft)

Sberbank of RF in 2009 gained 24.4 bn RUR of IAS net profit versus 97.7 bn RUR a year earlier. (Sberbank)

Net profit of Vimpelcom by US GAAP in 2009 totaled 1.1 bn USD versus 0.5 bn USD for 2008. (Vimpelcom)

Net loss of Comstar by US GAAP in 2009 formed 294 mn USD versus the profit of 59 mn USD a year earlier, in 2010 the company is expecting organic growth of sales by 6%. (Comstar)