Reports » Russia
Russian stock market daily morning report (August 17, 2010, Tuesday)
By Veles Capital
The first trading day of the week at the russian share market ended neutrally, though during the day the market varied significantly due to the output of macroeconomic stats. Oil-and-gas sector looked slightly worse than the market, which was no surprise - global price of "black gold" went lower the level of 75 USD per barrel of Brent mix oil. Demand remains in the notes of steel smelters against the background of favorable conjuncture of the global steel prices.
Main news
Lukoil Finance Limited bought back 7.6% of its own shares.
Lukoil Finance Limited (a 100% subsidairy of LUKOIL oil company) bought back 7.6% (64 mn 638 thousand 729 shares) from LUKOIL OC.
OGK-2 reported by RAS for 1H 2010.
Sales grew by 28% and formed 24.9 bn RUR, which reflects the whole-branch trends of power energy output volume upping and price growth on it.
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