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Russian stock market daily morning report (February 19, 2010, Friday)

Contributed by Veles Capital

By Veles Capital

On Thursday the trades at the Russian share market began with the moderate optimism – quotes were upping only within the first half hour of trades against the background of positive close of the foreign markets. However after the first half hour the market turned around and began lowering. Evidently, the oil price reduction was the reason due to having changed the mood of the investors. Besides, the weak macroeconomic stats of the U.S. did not add optimist either – the output data turned out to be a lot worse than expected. All that resulted in the Russian principal indices having closed within the red zone. Along with that, we should outline some remarkable shares. First of all that would be the shares of Rosbank. There was a statement on Thursday on the merger of the Russian bank assets of Interrosa (shareholder of Rosbank) and Societe Generale, which leaded to quotes growth of Rosbank by 29%. On the other hand, the shares of Sberbank looked bad having dropped in price due to announcements on having no reason to up the dividends of Sberbank and VTB.
 
 

Main news

 
Gazprom Neft completed the deal on purchasing STS-Service, LLC.
Gazprom Neft closed the deal on purchasing base production division of Swedish Malka Oil – STS-Service, LLC, imparts the message of Gazprom Neft. The amount of the deal formed 820 mn Swedish kronas (about 113 mn USD). The deal includes transferring the debt of STS-Service, LLC.
 

Other news
 

- MTS reduces rates on credits.

MTS announces reaching an agreement with Gazprombank on lowering the interest rate on the current credits. The rate on credit in the amount of 100 mn euro has been lowered from 8% to 7% annually. Rate on credit in the amount of 6.46 bn RUR has been lowered from 13% to 10.95% annually.