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Russian stock market daily evening report (February 04, 2013, Monday)

Contributed by Veles Capital

Stocks

Market today. Monday the global stock exchange began with unexpected reduction of quotes on the threshold of macroeconomic reports output. At MICEX shares were sliding in the majority of sectors, moreover, the shares that added most above market were the drop leaders: Surgutneftegas, Aeroflot, and Sberbank. Shares of Pharmstandard, Synergy and Dixi made unexpected effort upwards.

Market tomorrow. We suppose the tone of trade will be set by the data on industrial orders in Europe.

Bonds

Market today. Domestic market started the week a low turnover volumes and with no single trend. In the BFL segment sale prevailed, yield increased 1-2 bps. In the corporate segment cautious buying occurred on the loans VEB-21, Vimpelcom-1, -4. The Russian currency debt market continued dropping, this time winning back the weakening of global demand of risk. Corporate loans lost about 50 bps in price, sovereign ones – 40-100 bps each.

Market tomorrow. Against the background of the fresh reasons to grow, investors started re-estimating the current risk levels, so we expect the correction to go on.

News briefly

Russian airline companies upped the volume of passenger traffic in January 2013. Russian aviation.

In January 2013 Rosneft upped extraction by 2.8% yoy, while Gazprom neft and Bashneft – by 1.5% yoy. CDD FEC

S&P Agency confirmed the credit rating of NLMK at the investment level. Company

SUEK-Kuzbass upped its investment program by 60% yoy to 14.5 bn RUR in 2012. Company