Reports » Russia

Russian stock market daily evening report (August 30, 2010, Monday)

Contributed by Veles Capital

By Veles Capital

Stocks

Market today. Raise at the market was totally indicated during the whole day due to positive foreign background. Shares of AvtoVAZ (due to news on export duties) and preferred shares of Rostelecom (due to news on dividend policy) were the market's favorites. Also shares of IRC of Svyazinvest were collected. Less activity was in the other shares of the market.

Market tomorrow. Possibly the open will be slightly calmelmer than today. The leaders on quotes growth will likely remain the same.

Bonds

                                                          
Market today. As on Friday the day was very calm at the ruble market of corporate bonds. Trade activity was almost absent and the turnover on the principal liquid notes was provided by single deals. The Russian Eurobond market moved during the whole day within the lateral trend, however by the close of the russian session Russia 30 upped higher than 118.50 due to data on sale on spendings of the U.S. citizens, which turned out to be slightly higher than forecasted.

Market tomorrow. We expect gradual activation of the trades participants due to end of tax payoff period.

No comment

 
Income of the U.S. citizens added 0.2% in July, growth by 0.3% was expected; spendings by citizens upped by 0.4%, growth by 0.3% was expected. (Interfax)

MED forecasts inflation for 2010 at the level of 7.5-7.8%. (Interfax, referring to Klepatch)

RF will be gradually upping duties for foreign-made cars in order to stimulate open of plans in the state. (Putin)

Net loss of TGC-2 in 2009 by IAS grew to 5.3 bn RUR; by the results of 2010 the company showed sales upping to 28.7 bn RUR; investments within the comming 5 years - 40.5 bn RUR. (Company)

1H 2010 net profit of Sibirtelecom formed 2.4 bn RUR. (Company)

 IAS net profit of Power Machines in 1H 2010 formed 97.8 mn USD. (Company)