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Russian stock market daily evening report (September 20, 2012, Thursday)

Contributed by Veles Capital

Stocks

Market today. Foreign share markets were reducing under pressure of the weak stats from China, Japan. Shares dynamics at MICEX was mixed. The drop leaders were the shares of M.Video (at the message about SPO), energy sector. Shares of Novatek, Uralkaliy and Rosneft.

Market tomorrow. We do not expect positive motion at the Russian market.

Bonds

Market today. A series of weak stats on Europe and U.S. and continuing reduction of oil prices defined the negative dynamics of the Russian bonds. At the domestic market the main volume of trade focused on the state sector, where the price slip reached 10 b.p. Corporate issues consolidated at the former level and most interest of the participants was in the issues NLMC MB-7, FNC-15, Vimpelcom-4. Eurobonds rolled back to the level of Tuesday, having lost 20-40 b.p. Russia-42 art the end of the trade session lost 50 b.p. and traded at the level of 118.12% of the nominal.

Market tomorrow. The market will continue pressuring the market by negative news from the West, so we expect preservation of mildly negative dynamics.

News briefly

In 1H 2012 VTB reduced its net profit by IAS by 37.3% y/y to 33.6 bn RUR. (Company)

Number of Americans initially addresses with jobless claims dropped 3 th last week to 382 th. (Labor Ministry of the USA)

Lenenergo gained 1.2 bn RUR of net profit by IAS in 1H 2012. (Company)

Net outflow of capital from RF in January-August 2012 formed 52 bn USD. (MEDT)