Reports » Russia

Russian stock market daily evening report (August 03, 2010, Tuesday)

Contributed by Veles Capital

By Veles Capital

Stocks
 

Market today. Idle variation within a narrow range was indicated at the market. Weak negative was provided by the output data on the U.S. stats. Sale was indicated on Norilsk Nickel against the background of conflict of the shareholders. Also oil sector was losing in price, though the main factor for the sector – oil p[rice growth – was favorable.

Market tomorrow. In the short-term prospect the market might go down due to the technical factors.
 
 
Bonds                                                        
 

Market today. While the participants’ activity remained average the prices at the ruble market of the corporate bonds stayed at approximately the same levels as they did a day before. Only the 11th issue of AIZK made an exception being of demand for the second day in a row. High turnover was outlined in the issues Moscow-49, RZD-10, Transcredit-3 and in the notes of the metallurgy workers: MMC MB-5, Mechel MB-2. Quotes of the Russian Eurobonds stood still for the most part of the day while waiting for the stats from the U.S. Weak corporate report by Procter & Gamble and the disappointing macroeconomic data leaded to the quotes reduction of the Russian shares at the moment. In particular, the sovereign loan Russia 30 lost about 30 b.p. However, before the close of the Russian session the major part of the drop has already been won back.

Market tomorrow. Good situation with ruble liquidity and the potential of ruble strengthening will be supporting the current price levels against the background of the negative from the foreign markets.
 

No comment
 

Income and spending of the U.S. citizens did not change in U.S. in June, growth by 0.2% and 0.1% respectively was expected. (Interfax)

TGC-14 lowered by 3% its output of power energy in 1H 2010. (Interfax referring to the company)

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

In January-July 2010 AvtoVAZ upped the sale of Lada vehicles versus the similar period of the previous year by 28.4% to 272.6 thousand. (Interfax referring to the company)

In January-July 201 KAMAZ upped the vehicles output and vehicle sets by 1.5 times versus the similar period of the previous year. (company)

Net profit of ZMZ in 2Q 2010 formed 126 mn RUR. (company)