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Russian stock market daily morning report (February 26, 2010, Friday)

Contributed by Veles Capital

By Veles Capital

On Thursday the Russian share market was once again covered by the wave of negative. The trades went all wrong from the very morning – within the indefinite news backgrounds the negative messages took the lead. Situation around Greece does not provide for growth – that is for sure. Besides, weak data on the macroeconomy of the U.S., output at 4:30 pm, speeded up the drop at the global markets, including Russian ones. The drop was slightly accelerated by serious slipping at the oil market – the cost of barrel of Brent mix dropped more than 2 USD, getting close to the level of 75 USD.
 
 

Main news
  

RusHydro plans another additional emission in late 2010.

RusHydro might announce placement of another additional emission of shares till the end of 2010. Strategy investors will be able to participate in it. That has been announced by the head of the company Evgeniy Dod at the session of hydro energy workers.
 

Other news
 

- Gazprom estimated investments to development of Yamal.

Gazprom estimates the investments to execution of the complex development program on the gas deposits of Yamal peninsular in 165-199 bn USD, announced the deputy head of the complex development forecast department of the gas holding Vasiliy Savchenko at the session of the round table in State Duma on Thursday, imparts Interfax.
 

- Severstal upped a share in Crew Gold by 6.8% to 26.59%.

Cypress subsidiary of Severstal Bluecone Limited purchased 145.3 mn of shares of Crew Gold Corporation 1.1 Norway krone (0.2 USD) per share, which represents 6.8% of authorized capital stock of the gold mining company, imparts the message of Crew Gold.