Reports » Russia
Russian stock market daily morning report (September 08, 2010, Wednesday)
By Veles Capital
On Tuesday quotes reduction could be observed at the Russian share market. We might outline the weak stats on orders of industrial enterprises in Germany and alarms on the stability of the European banks as the negative news for the market. Moreover oil price reduction was indicated at the market. Totally the most liquid shares were loosing a little, but not serious loss took place on the sector. A lot more dramatic variations occurred on the former leaders and mad market favorites - notes of AvtoVAZ, NitrInvestHolding, RTM, Pharmacy Chain 36.6, which lost 5-10%. On contrary demand and quotes growth was indicated on the notes of Mosenergo, OGK-2 and OGK-6. Evidently the investors were positive on the news on uniting companies under the sponsorship of Gazprom.
News briefly
Macroeconomy: Volume of industrial orders lowered in Germany.
Oil and gas: TNK-BP addressed the court with a claim against FTS.
Oil and gas: Russia and Kazakhstan signed a number of agreements.
Machinery: Rostehnologies are planning to buy airplains from OAK.
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