Reports » Russia

Russian stock market daily morning report (August 27, 2010, Friday)

Contributed by Veles Capital

By Veles Capital

On Thursday the Russian share market managed to close the day of fall with slight adding. The quotes upping was provided by the  positive foreign factors. In particular the oil price growth, and good stats on the primal claims for unemployment in the U.S. Besides, the Russian market is significantly oversold and we should not be excluding the start of the new growth phase. The shares of telecoms were the market's favorites: a press-conference was conducted by the head of Svyazinvest Evgeniy Yurchenko, were the plans on provisional dividends of IRC and Rostelecom for 9 months of 2010 have been announced, along with dividends of the united company, which might have supported interest to the notes of given sector. Sale was still on the notes of CTPZ.
 

 
Main news
 

NOVATEK accounts on introducing the plant on output of LNG.

NOVATEK accounts on introducing the plant on output of LNG into operation in Yamal basing on the South-Taimir deposit within the time constraints announced earlier - 2015-2016, despite the delay of the decision making on the final investment.
 

Bank of Russia announced July stats on the sector.

Positive sigmals are visible in the sector, but its still is early to speak about the stable trends.
 

MTS summed up 2Q 2010 results.

US GAAP sales of MTS for 2Q 2010 formed 2.8 bn USD, OIBDA - 1.3 bn USD, net profit - 354 mn USD.
 

 
 News briefly
 

 Macroeconomy: In the U.S. the number of claims for unemployment reduced more than forecasted.

Macroeconomy: Indefinite stats from Japan.

Energy industry: Inter RAO completed the placement of additional emission of common shares.

Retail: X5 Retail Group reported for 2Q 2010 by IFRS.