Reports » Russia

Russian stock market daily morning report (August 18, 2010, Wednesday)

Contributed by Veles Capital

By Veles Capital

On Tuesday the participants of the Russian share market preferred to play upwards. Good stats on the economies of the European Union state, good data on the industrial production in the U.S. in 2Q 2010, together with the climbing oil prices - all that provides for growth in Russia. Among the most liquid shares we might outline demand that appeared once again in the shares of the metallurgy companies (MMC, NLMC and Severstal) and the related branches (Belon and Raspadskaya). Note that globally the given shares as we see them do not seem to be prospective primarily because of the measures taken by the Chinese authorities in order to smooth the economy growth.
 
 

Main news
 

IRC defined preliminary dividends.

On Tuesday 6 IRC at once (Volgatelecom, NWT, Sibirtelecom, Uralsvyazinform, Centrtelecom, STC) announced data on the sessions of the companies' boards where the decisions on paying off preliminary dividends by the results of 9 months of 2010 have been made.
 

CTPZ: strong financial results of 1H 2010.

Chelyabinsk pipe-rolling plant (CTPZ) output financial results of 1H 2010 according to RAS. In 1H 2010 the company gained 3.04 bn RUR of net profit, which is 35 times higher than the results of the crisis 1H 2009. Sales formed 19.2 bn RUR and exceeded the estimate of 1H 2009 by 59.3%.