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Russian stock market daily morning report (February 15, 2010, Monday)

Contributed by Veles Capital

By Veles Capital

The last day of the trading week at the Russian share market was totally under control of the foreign factors. Since morning the trades were lightly positive. But in the afternoon the mood of the players changed radically against the background of China worsening the norm of reserving on deposits and the launch of getting the assets of the state funds from the risky American assets. The weak stats that came out around 1 pm on European GDP and industrial production have only added gas to flames having provoked selling even more shares. The stats on increasing retail selling in the U.S. provided the players with grounds for optimism, which has unfortunately turned out not to last long against the former problems of PIG states.

Main news
 

Sistema files a claim to FAS on purchasing 49% of Russneft.
February 12 AFK Sistema filed a claim to purchase up to 49% of shares of Russneft company, imparted Interfax referring to undisclosed sources. Meanwhile the representative of Sistema confirmed the given information.
 
 

Other news
 

- In 2009 Norilsk Nickel doubled nickel deliveries to China.
In 2009 Norilsk Nickel upped the volumes of selling nickel to China by 2 times, announced the deputy director general of the company Viktor Strogis. As for nickel, in 2009 India and China for instance have not reduced the volume of output but increased it. The company built up the volumes of supplying nickel to China from 30 thousand in 2008 to 60 thousand tons of metal.