Reports » Russia

Russian stock market daily evening report (August 20, 2010, Friday)

Contributed by Veles Capital

By Veles Capital

Stocks
 

Market today. Profit fixation continued at the market under influence of alarms on global economy recovery prospects. Demand was indicated on several shares of telecommunication sector (dividends, reorganization), power energy (growth of power consumption due to hot weather) and machinery (utilization of old vehicles). Sale was on metallurgy companies (MMC and NLMC).

Market tomorrow. Likely pessimistic mood is indicated at the market. So the market might continue downward trend tomorrow.
 

Bonds
                                                      
Market today. Same as Thursday the turnover volume was at its low at the ruble bond market of corporate issues. We watched the traditional lateral motion during the whole day. Among the liquid issues we might outline some trade activity in RZD-10 and Moscow-61. At the russian Eurobond market, which was correcting after rally yesterday to 119 figure, Russia 30 sovereign loan went back to the level of 119.20 by the end of the Russian trading session.

Market tomorrow. Under conditions of stable situation at the monetary market we expect no significant price changes in ruble bonds.

No comment
 

Monetary base of RF as of August 16 formed 5,165.1 bn RUR. (CB) S&P upped the short-term rating of Gazprom from "A3" to "A2", forecast - "stable". (Agency)

Appelation authority  admitted the decision and claim of FTS on Uralkaliy paing VAT in the amount of 604 mn RUR to be invalid (Company)

UTair in January-July 2010 transfered 2.6 mn passengers, which is 42.5% higher than the estimate of the similar period in 2009. (Company)