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Russian stock market daily evening report (January 18, 2013, Friday)

Contributed by Veles Capital

Stocks

Market today. Chinese stats were a serious driver of growth in the morning – anticipating forecasts of the industrial production growth and retail sale inhaled confidence into the investors than the growth rates of the Chinese economy are firmly recovering. The corporate season sets the positive mood - GE, Morgan Stanley and Intel reported better than expected. Today almost all the blue chips were climbing.

Market tomorrow. U.S. will not be trading next Monday due to Martin Luther King Day celebration, so Monday will likely be calm at the Russian market.

Bonds

Market today. Corporate loans were bought at the domestic market. Issue FNC-11, -21 added 30 bps, Vimpelcom-2 and MTS-7 added 25 bps each. BFL also added about 30 bps, yield lowered by 2-4 bps. The Russian Eurobond market reacted neutrally to the morning positive and continued trading sideways. Russia-30 and Russia-42 slipped 10 bps to 126.74% and 121.6% of the nominal.

Market tomorrow. Monday the russian market does not have any interesting events scheduled due to a holiday in the U.S.

News briefly

China – growth of industrial production in December formed 10.3% yoy, 10.2% was expected. Interfax

China – retail sale grew 15.2% yoy in December, 15.1% was expected. Interfax

Russia – Akron in 2012 preserved the volume of production of commodity goods at 2011 – 5.8 mn tons. Company

Russia – cargo transfer by NMTP within 2012 added 1.2% to 158.9 mn tons. Company

Russia – RusHydro gained IAS loss within 9 months of 2012 in the volume of 2.53 bn RUR versus profit a year earlier. Company

International energy agency upgraded its forecast on the global consumption of oil in 2013 versus the previous month by 240 th barrels to 90.8 barrels per day. Interfax