Reports » Russia

Russian stock market daily evening report (July 29, 2010, Thursday)

Contributed by Veles Capital

By Veles Capital

Stocks
 

Market today. Against the background of good stats on unemployment in Germany and U.S. the russian market grew rapidly. Great demand was for the notes of Transneft due to news on the report and increase of tariffs. The remaining oil sector grew not badly too. The negative close was on the power energy sector.

Market tomorrow. The news background is more likely positive. We assume the market continues climbing.
 

 
Bonds
 

Market today. At the domestic market of corporate bonds the activity versus Wednesday was a bit lower. Totally the motion of the quotes fit into the lateral trend. The most activity was on the issues of NLMC MB-5, -6, and also on the notes of WBD. At the Eurobond market buyers were prevailing: in the afternoon the sovereign issue Russia 30 broke through the 116th figure.

Market tomorrow. On the threshold of the U.S. GDP adding data at 4:30 Moscow time we might be expecting weak activity due to the investors will be waiting for it. Along with that the foreign situation , euro rate and oil quotes upping provide for the rally in ruble bonds.

No comment
 
Claims for unemployment in the U.S. dropped 11 thousand, reduction by 4 thousand was expected. (Interfax)

Unemployment in Germany lowered in June to 7.6%. (Interfax)

International reserves of RF as of July 23 reduced to 469.1 bn USD. (CB)

Price of the option of LUKOIL buying its shares from Conoco forms 56 USD per share. (Company)

Net profit of Transneft in 1H 2010 by RAS formed 2.8 bn RUR. (Company)

Net loss of IRNC North-West in 2Q 2010  by RAS formed 61 mn RUR. (Company)

Net profit of KAMAZ in 2Q 2010 by RAS formed 12 bn RUR. (Company)