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Russian stock market daily morning report (November 17, 2009, Tuesday)

Contributed by Veles Capital

By Veles Capital

The beginning of the week was rather positive. The results of ATES summit made the investors happy – the heads of states made the decision on further supporting the economy. Against that background dollar lost its positions, which positively reflected of the oil price. At the metals market the positive trend was indicated also. As a result the RTS index renewed the annual maximums, having exceeded the level of late October. First of all the investors were interested in the shares of the bank and oil and gas sectors. By the results of the day Sberbank and VTB added about 5%, the shares of the oil sector added 4% average. The positive stats from the other side of the Atlantic supported demand for the domestic shares. At London exchange the trades on NMTP got more active against the background of the company being included into the privatizing list for 2010. Also the shares of Evraz were of demand abroad against the background of positive financial stats for 9 months.
 

Main news
 
Evraz Group reduced the sales within 9 months by 2.4 times to the level of 7.1 bn USD.
Evraz Group by the results of operating within 9 months of 2009 gained 7.188 bn USD of sales by the data of the management statements. EBITDA reduced to 874 mn USD, EBITDA margin totaled 12.3%. Net debt of the company within 9 months formed 8.4 bn USD, including the short-term debt of 3.4 bn USD. Capital investments within 9 months formed 321 mn USD.
 

Other news
 
- Bashneft lowered profit by 33.8% within 9 months of 2009.
Within 9 months of 2009 reduced the net profit by a bit more than 1.5 times versus the similar period of the previous year to 9.25 bn RUR, which lowered the three time gap that was indicated by the results of the first half year.

- Seversk pipe plant within January-September reduced sales by 32%.
SPP within January-September 2009 gained sales in the amount of 12,521.327 mn RUR, which is 31.8% lower than within a similar period of 2008. In January-September the plant gained net loss accounted by RAS in the amount of 1,003.668 mn RUR.

- Silvinit plans to up the output of the potassium chloride in 2010 by 20% and up the domestic prices by the same value.
Silvinit in 2010 plans to output from 4.2 to 4.8 mn tons of potassium chloride, and also to up the prices by 20% for potassium chloride this summer for the Russian consumers, which use it for the production of mixed fertilizers.