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Russian stock market daily evening report (February 20, 2013, Wednesday)

Contributed by Veles Capital

Stocks

Market today. Today the Russian market was reducing during the entire day of trade. All industries were losing in price despite the positive close of trade in the U.S. on Tuesday and positive dynamics of trade in Europe today. Investors decided to fixate their profit against the background of unpleasant news, released on emerging markets: Foreign Direct investments (FDI) index reduced in China by 7.3% in January, much above the forecasted 3.1%; economic activity index in Brazil in December formed 0.26% (0.3% was the target), while in the previous period its value was 0.4%.

At the Russian trade ground, unexpected increase occurred with the quotes of Rostelecom due to news on a share of company that belongs to Malofeev possibly to be bought by ONEXIM group, controlled by Mikhail Prokhorov (+1.8%).

Market tomorrow. Released stats on construction sector in the U.S. probably will not make a significant impact on investors’ positive attitude at American and European markets (construction permits – 925 th vs 920 th target; number of launched construction is 890 th vs 920 th target). Even in case U.S. goes for correction, it initially is related to the maximum level of S&P 500 index within more than past 5 years. Tomorrow the Russian market will be referring to the end of trade in Europe and the U.S., along with the macroeconomic stats – PMI index in Germany and Europe, CPI indices in the U.S. and the number of jobless claims.

News briefly

Oil export from Russia formed 239.9 mn tons in 2012, 1.8% down. Rosstat.

In 2013 Russia builds up oil delivery to China to 21 mn tons. Transneft

Sales of Armada in 2012 will exceed 5.5 bn RUR. Company