Reports » Russia
Russian stock market daily morning report (March 02, 2010, Tuesday)
By Veles Capital
The first day of spring provided trades activation with remaining climbing trend. The main reason of growth was the favorable foreign background. So, the exchange markets of the Eurozone were supported by the stats on unemployment, which turned out to be better than expected and caused confident growth of the European grounds. Besides, significant support came from the commodity market oil prices grew due to expectations of U.S. economy recovery and Asian markets and growth of demand for fuel related to that. Exchange grounds of the U.S. have also upped with growth against the background of the stats on expenses of the citizens, and also all-time high upping of GDP of Canada. By the end of the trading session the mood of the participants was slightly worsened by the drop of ISM Manufacturing index more than expected. However the correction from the daytime maximums turned out to be insignificant. The shares of oil-and-gas sector (mainly Gazprom and LUKOIL, and Rosneft to a less decree), and also banks (mainly Sberbank, less VTB) were most popular.
Main news
Confident report of TNK-BP International for 2009 by US GAAP.
TNK-BP International reported for 2009 by US GAAP. So, within the reported period the net profit of the company reduced by 5.6% versus the similar estimate of 2008 from 5.3 bn USD to 5 bn USD.
GAZ Group negotiated debt restructuring.
GAZ Group negotiated restructuring arrearage on credits for 39.257 bn RUR with a syndicate of banks, announced the general director of the company Valeriy Lukin at the press-conference in Moscow on Monday.
AvtoVAZ might negotiate restructuring of credits soon.
AvtoVAZ, JSC accounts on closing the negotiation of the bank credits restructuring plan, announced the president of the company Igor Kamarov on Monday.
Other news
- AvtoVAZ accounts on upping the output of vehicles to 1.2 mn items annually
- and free from the alien social functions.
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