New York: 18:50 || London: 23:50 || Mumbai: 05:20 || Singapore: 07:50

Reports » Russia

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

March 15, 2010, Monday, 13:04 GMT | 09:04 EST | 18:34 IST | 21:04 SGT
Contributed by Veles Capital


By Veles Capital

 

The beginning of the trading session was relatively active against the background of the total positive at the global financial and commodity grounds, and also due to the output stats on the Eurozone. But after several discouraging messages from the U.S. came out the decrease began. Fortunately the drop tuned out to be not that bad due to which the Russian markets closed positively.
 
  

Main news
 

NOVATEK provided IAS report for 2009.

2009 IAS net profit of NOVATEK reduced by 11% versus 2008 and formed 820 mn USD, as follows from the report of the company (profit grew by 13.7% in ruble turns). Net profit of NOVATEK formed 318 mn USD in 4Q, which is 35.6% higher than the 3Q result and higher than we expected.


 

Other news
 

- MOESK reported by RAS for 2009.

Sales of MOESK grew by 35% by the results of 2009 and totaled 85.2 bn RUR, cost of the company grew by 23% and formed 69.4 bn RUR.
 

- AvtoVAZ might conduct an additional emission for 320 mn euro.

Shareholders of AvtoVAZ are discussing the additional emission of company’s shares for 320 mn euro in 2010 within the frames of restructuring.