Reports » Russia
Russian stock market daily morning report (August 10, 2010, Tuesday)
By Veles Capital
Activity of the market participants is still staying not at a high level: summer, heat and smoke over Moscow do their thing. The market went slightly up in the morning and corrected down in the afternoon under the impact of news from the oil market. We should outline the shares of Norilsk Nickel among the liquids. Shares of the producer might have upped after the chairman of the board Alexander Voloshin having signed the protocol of the annual shareholders meeting. This means that all obstacles on the company paying off dividends by the results of 2008 have been suspended. Besides, the demand for power energy companies shares was indicated.
Main news
Power energy consumption grows due to abnormal heat in Russia.
Within the past week (from 30.07 to 5.08) power energy consumption grew by 1.4% versus the previous week and by 9.4% versus the similar period of the previous year and formed 15.56 mn MW per hour.
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