Reports » Russia

Russian stock market daily evening report (August 04, 2010, Wednesday)

Contributed by Veles Capital

By Veles Capital

Stocks
 

Market today. Rather calm trades were indicated against the calm foreign background. Significant adding was on the representatives of the metallurgy sector (the most significant upping was on Severstal) following growth of steel. Also the automobile producers looked relatively good (Sollers was among the leaders).

Market tomorrow. The market reached maximum levels within the recent 3 months and possibly might again take a slight break.

Bonds
                                                          
Market today. Growth of ruble liquidity and the continuing strengthening of ruble provided positive dynamics of the prices at the domestic corporate bonds market. The most activity was indicated on the liquid notes of Evraz, Norilsk Nickel, Sibmetinvest, Suek, Mechel, Gazprom Neft and Bashneft. At the Russian Eurobond market the sovereign loan Russia 30 lost 20 b.p. by the end of the Russian session trading session while the low activity remained.

Market tomorrow. Strong ruble, low rates and high level of liquidity at the money market provide all the suppositions for keeping quotes growth at the domestic bonds market.

 
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Retailing sale in the European zone grew in June by 0.4%, upping by 0.1% was expected. (Interfax)

Inflation in RF in July formed 0.4%, 4.8 since the beginning of the year. (Interfax)

Net profit of Rostelecom by RAS in 1H 2010 formed 2.2 bn RUR (-5.5% versus the 1H 2009). (Company)

Net profit NLMC in 2Q 2010 dropped to 11.7 bn RUR. (Company)