Reports » Russia

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

Contributed by Veles Capital

Stocks

Market today. As expected U.S. budget sequestration that has actually started today was the main driver for the markets today. PMI non-manufacturing in China was another negative factor for the russian market - given estimate reduced from 56.4 down to 54.5 points.  Change of the producers price in eurozone within a month formed 0.6%, which exceeded the estimate of the previous reported period by 0.8% vs the target by 0.1%. However, increase of the given indicator did not become a reason for any changes at the exchange market. RDR of RusAl was for sale due to output of negative financial report of company for 2012 by IAS (-3.2%). Net loss of company totaled 55 mn USD vs net profit of 237 mn USD by the end of 2011. Global prices of aluminum and high tariffs of power energy are named as the reasons of given worsening.

Market tomorrow. Sequestration of the U.S. budget that started monday will be the main driver this week. Most likely we will watch the global exchange grounds reduce.


Bonds

Market today. The Russian market started the week going sideways while waiting for the fresh news from the west relating the situation in Italy and consequences of the automatic sequestation of state spending in the U.S. Single deals were indicated in the ruble debt segment on FNK-25, MCB MB-1, MB-4. Eurobonds traded with no significant price change. Russia-42 added 20 bps. To 116.49% of nominal, Russia-30 lost 4 bps. To 124.42% of the nominal.

Market tomorrow. The participants' sentiment might be affected by data output on PMI non-manufacturing in China. In case data brings no surprises, the market continues moving sideways on the threshold of daytime stats release on Europe and the U.S.


News briefly

Net profit of IRNC Siberia by RAS in 2012 grew 3.7 times to 1.2 bn RUR. Company

RAS net profit ov TGK-1 for 2012 decreased 11% to 3.4 bn RUR. Company

RAS net profit of OGK-2 upped almost 4 times going above 4 bn RUR. Company

RAS net profit of IRNC Ural for 2012 reduced 4 times down to 625.8 mn RUR. Company