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Russian stock market daily morning report (August 04, 2010, Wednesday)

August 4, 2010, Wednesday, 07:21 GMT | 02:21 EST | 11:51 IST | 14:21 SGT
Contributed by Veles Capital


By Veles Capital

 

On Tuesday the trades at the Russian share market were unexpressive. Volatility was not high, same as turnover volumes. Some negative was added by the output of the stats on macroeconomy of the U.S. closer to the trades end at the Russian market – data turned out to be worse than expected, which leaded to the reduction at the market. Serious loss was on the shares of Norilsk Nickel and Polyus Gold. Both shares were losing in price against the background of the shareholders conflicts. Also the prices dropped on the preferred shares of Transneft, which were among the growth leaders.
 

 

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Volgatelecom: perfect results of the half year.

Sales of Volgatelecom within 1H 2010 by RAS formed 14.1 bn RUR, which is 5.6% higher than the similar estimate of the previous year. OIBDA grew by 6.2% to 6 bn RUR. Net profit formed 2.8 bn RUR versus 2.2 bn RUR a year before.