Reports » Russia
Russian stock market daily morning report (February 16, 2010, Tuesday)
By Veles Capital
The new week started for the Russian share market with cautious purchases, which seemed to be reasonable after almost a week-long reduction. At the same time the foreign background was relatively contradictive. On one hand, the oil prices were under pressure of the data on fuel supply in the U.S. On the other, the European exchange indices were climbing up against the background of good report by Air Liquide, and also the corporate news from British Airways and Iberia Lineas Aereas. Besides, the alarms on PIG states economies eased up. As a result, FTSE, DAX and CAC40 added about 0.5% during the day. Finally the positive trend was indicated on behalf of the futures for the American indices, Along with that the trade volume was not at high levels, which was due to a day-off in the U.S. At the same time the principal activity was focused on the shares of Sberbank and Gazprom. The volume of deals on the other shares was insignificant.
Main news
Gazprom protected its rights on the former regime of customs procedures for gas.
In the quarter report for 4Q 2009 Gazprom announced having attained cancellation of a number of customs rules and decisions valid earlier, which provided indirect loss in terms of increase of working capital and freezing overpaid customs duties.
By the results of 2009 LUKOIL expects the net profit to be at the level of 7 bn USD.
Net profit of LUKOIL in 2009 by US GAAP formed about 7 bn USD versus 9.144 bn USD within 2008, imparts the detailed press-release by the Russia Today TV channel referring to the interview with the head of LUKOIL Vagit Alekperov.
Other news
- Gazprom Neft provided data on selling products in 2009.
- In the current year Surgutneftegas will keep the extraction at the level of 2009.
- Evrosibenergo might conduct IPO in Hong Kong this year.
- In 2010 MMC will build up the output by 27%.
- AvtoVAZ decided it is time to raise the prices.
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