Reports » Russia

Russian stock market daily evening report (September 06, 2010, Monday)

Contributed by Veles Capital

By Veles Capital

Stocks

Market today. Trades were relatively calm against the background of week-end in the U.S. The most serious motion was in the second-third echelons. In particular 40% was added by NutrInvestHolding and RTK. Pharmacy Network 36.6 added a bit less. Sale began on the notes of AvtoVAZ (-12%).

Market tomorrow. More significant activation might take place. Output of stats is not expected, so the quotes will unlikely change.

Bonds

Market today. Despite the week-end in the United States the beginning of the new week was relatively active at the domestic market. The turnover leaders were the following: RZD MB-1 and RZD-6, along with FNC-4, Sibmet-2, Bashneft-3, MTS-3, -4, Moscow Region-7, Transcredit-3, and Globeks-MB2. However absence of the American players and output of significant stats leaded to the most liquid issues staying at the former price levels. Naturally the Russian Eurobond market was almost not trading at all, though it shivered a little while the trades went in Europe. As a result the cost of sovereign issue Russia 30 remained around 119th figure.

Market tomorrow. Tuesday will likely be more colored emotionally. While the market provides positive, being supported only by the low REPO rates.

No comment

Inflation in RF formed 0.6% in August, it grew to 6.1% in annual terms. (FSSS)

Fortum signed an agreement on selling 31% of Petersburg Retail Company to INTER RAO UES. (Company)

Net profit of Severstal in 2Q 2010 formed 192 mn USD, EBITDA totaled

955 mn USD. (Company)

Fitch changed the forecast on ratings of Polimetal from "negative" to "stable". (Agency)