On Thursday the trades at the Russian share market began rather rapidly – the main Russian indicators upped by 1-1.5%. However in the afternoon the enthusiasm of the bulls was all gone against the background of the situation around European Union and Greece and the markets were dropping to the very close of the trading session. At the same time even the good stats on unemployment in the U.S. did not provide support to the markets. Considering the U.S. that opened negatively, the Russian indicators closed the day close the levels of Wednesday, the Russian indicators upped significantly on the messages on the establishment of the JE with Fiat, and also due to the strong support of the enterprise created on behalf of the Russian government. Besides, significant demand was indicated in Volgatelecom. Shares of IRC were popular among the investors on the threshold of the reorganization of Svyazinvest, however, the demand is local and turns out to be in one or the other share from time to time.
Main news
Oil export duty will lower by 6.1% from March 1.
Oil export duty from Russia might be reduced from March 1, 2010 by 6.1% versus the level of February value and might total 254.2-253.7 USD per ton, which comes from the calculations, based on monitoring prices of oil from January 15 to February 10, 2010, provided by the ministry of finance of RF to Interfax. Note from February 1 the export duty forms 270.7 USD per ton.
Sollers and Fiat signed an agreement on establishing a JE on output of vehicles in RF. State will do the financing.
Russian company Soller and the Italian concern Fiat signed an agreement on establishing a joint enterprise in RF on output of passenger cars and SUVs. Memorandum has been signed in presence of the prime-minister of RF Vladimir Putin.
Daimler and EBRD upped the share in KAMAZ.
Daimler Company upped its share in KAMAZ, JSC. Top-manager of Daimler Andreas Reinshler announced to the journalists that the company purchased 5% of shares with the European Bank of reconstruction and development (EBRD). 4% out of given 5% was the share of EBRD. So, the share of Daimler in KAMAZ upped to 11%.
Other news
- Resource base of NOVATEK upped by 38%.
- Severstal will up investments in 2010 by 40% to 1.4 bn USD.
