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Russian stock market daily evening report (January 17, 2013, Thursday)

Contributed by Veles Capital

Stocks

Market today. Today the shares at MICEX showed mild adding of quotes despite growth at the European exchange grounds. Most interest indicated the shares of the consumer sector (Magnit, Dixy) and KAMAZ. Stock of Aeroflot grew after a many-day downtrend due to the news about the plans of the Accounts Chamber to revise the company.

Market tomorrow. We expect rapid stock growth: exchange markets will be winning back the unexpectedly strong macroeconomic results from the U.S.

Bonds

Market today. Russian debt market continued drifting sideways while waiting for the fresh stimulus. In the ruble segment the deals prevailed in the notes of the first echelon: loans of FNC, VTB, RZD. In Eurobonds slight sale went in the notes of Gazprom, but the other prices remained at the former levels. Russia-42 slipped 30 bps to 122.03% of the nominal, Russia-30 – by 14 bps to 126.86%.

Market tomorrow. Friday the stats on China, which is expected in the early morning, might affect the Russian market. In case it is not unpleasant, the market might continue climbing due to good news from the U.S.

News briefly

The number of jobless claims in the U.S. dropped to its lowest level since January 2008. Bloomberg

The number of new construction in U.S. grew in December by 12.1% to 954 th, upping by 3.3% to 890 th was expected. Bloomberg

Citigroup upped profit in 4Q by 26%, worse than forecasted. Interfax

Svyaz-bank cut the net profit twice to 1.8 bn RUR in 2012. Company

Sales of M.Video in 2012 grew 20%, in 4Q 2012 – by 12% yoy. Company

Transcontainer upped transfer volumes in 2012 by 8.9% yoy to 1.484 mn TEU. Company