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Russian stock market daily morning report (November 19, 2009, Thursday)

Contributed by Veles Capital

By Veles Capital

Trading session began on Wednesday at the Russian share market with quotes growth on the principal range of shares. The main reason for climbing was the recovery at the oil market – during the whole day the oil quotes were around 79 USD. The principal activity was still focused on the quality first echelon. We might only point out KAMAZ among the less liquid shares. The demand for the given note was active against the background of statement by Putin, made the day before that, on the efficiency of the adopted anti-crisis program, and also on the state bail for the enterprise. As a result the shares of KAMAZ were bought yesterday via 2.6 USD, which was 15.5% higher than the previous purchases. In the afternoon the morning growth was graded against the background of negative stats on the newly-built houses market in the U.S., which slipped by 10.6% unexpectedly versus the target growth by 1.7%. The shares of Sberbank were sensitive to that information – they were sold little by little by the end of the trading session, which leaded to the RTS index turn around and leave the daytime maximums.
 

Main news
 
The financing of the recovery of Sayano-Shushinskaya HEPS might be lowered.
The financing volume of the Sayano-Shushinskaya HEPS recovery might be lowered, announced to the minister of energy of RF Sergey Shmatko to the journalists, imparted Interfax.
 

Other news
 
- LUKOIL built up its share in RITEK to 100%.
LUKOIL – West Siberia, LLC (a 100% subsidiary of LUKOIL) completed the buyback of Russian Innovation Fuel and Energy Company, JSC (RITEK) November 6, announced RITEK, imparted Interfax.

- Aeroflot upped the passenger transportation by 2.5%.
Aeroflot – Russian airlines, JSC upped passenger transportation by 2.5% in October 2009 versus the estimate of the similar period last year.