Reports » Russia

Russian stock market daily morning report (March 16, 2010, Tuesday)

Contributed by Veles Capital

By Veles Capital

Russian share market began the week with reduction on the main range of liquid notes against the background of not high activity of the players. Principal factors that affected the course of trades were the following: negative dynamics of futures for the American indices due to fears of possible lowering of U.S., and also oil, which is losing in price against the background of strengthening of dollar position. During the day not bad stats on industrial manufacturing in the U.S. and industrial activity of New York, which has temporary supported the shares quotes. However, with the open of American trading session the RTS index fixated in negative values zone and has even worsened the drop.
 
 

Main news

Good report of WGC-5 by IAS for 2009.

Sales of WGC-5 for 2009 formed 43.5 bn RUR, which is 2% higher than the similar estimate of 2008. Note, positive sales’ dynamics has been reached in 4Q 2009 only on behalf of demand recovery and free prices for power energy.
 

Other news
 

- Gazprom is carrying out negotiations on power assets exchange with Fortum and KES.

Gazprom is discussing power energy assets exchange not only with the state Inter RAO UES, but with Finnish Fortum and KES-Holding belonging to Viktor Vekselberg, announced the head of Gazprom energy holding Dennis Fedorov to Interfax on Monday.
 

- Uralkaliy will be selling potassium chloride to India via the price of 370 USD per ton.

Belorussian potassium company (joint trader of Uralkaliy and Belaruskaliy) signed a contract for supplying potassium chloride with IPL company – India’s largest potassium imported for the time period from April 2010 to March 2011 via the price of 370 USD per ton in terms of delivery to the buyer’s port. Volume of contract forms 900 thousand tons.
 

- Fitch assigned Aeroflot “BB+” ratings, forecast – “stable”.

Fitch Ratings International rating agency assigned Aeroflot – Russian airlines, JSC long term IDR in foreign and national currency “BB+”, imparts the press-release of the agency. Rating forecast – “stable”.
 

- AvtoVAZ was the worst sold.

Manufacturing all types of vehicles in Russia crashed by 59.8% and formed 722,400 items, calculated Avtostat Research Agency. Output of vehicles by AvtoVAZ dropped 63.2% and formed 294,737 items.