Reports » Russia
Russian stock market daily morning report (February 09, 2010, Tuesday)
By Veles Capital
The Russian share market began the morning with smooth recovery after the drop of the previous week. However the purchases did not last long and in the afternoon the principal liquid shares were losing 2-4% average. Main reasons of sale were the same instability of the global economy and worsening of the commodity conjuncture. Investors were actively getting rid of the oil-and-gas and bank sectors shares. However there were some notes that closed the day positively against the negative background. Polyus Gold and Norilsk Nickel were among the ones that went up due to increased demand of metal.
Main news
Rosneft upped the recoverable supplies of oil by 4.9%.
Recoverable supplies of hydrocarbons of Rosneft by SEC classification, which provides estimation till the end of the time period of profitable recovery of the deposits, according to audit by DeGolyer & MacNaughton, formed 15.146 bn barrels in oil equivalent, stated the press-release of Rosneft, imparts Interfax.
Other news
- In January AvtoVAZ reduced the selling of vehicles by 41% to 17.3 thousand vehicles.
AvtoVAZ, JSC in January 2010 lowered vehicle selling by 41% versus January 2009 to 17.3 thousand vehicles, impart
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