Reports » Russia

Russian stock market daily morning report (February 01, 2012, Wednesday)

Contributed by Veles Capital

During yesterday’s session the foreign background preserved positive after a successful end of the European Union summit. The RTS index added 2.05% and MICEX – 1.18%. The most interest of the Russian market participants was in the shares of power companies, metallurgy and bank sector. Yesterday IRNC, Bank Vozrozhdeniye, RusHydro and Mechel were among the growth leaders.
 

Main events
 
RusHydro: IAS results for 9 months of 2011.RusHydro output the provisional consolidated report by IAS for 9 months of 2011. Reduction of sales of RusHydro for 9 months of 2011 versus the similar period of 2010 was caused by deconsolidation of the retail companies, given away on March 28, 2011 to Inter RAO UES. Income of the company from the current activity not considering the departed group within the research period grew 12.8% to 100,982 mn RUR, comparable spending on the current activity grew 16% to 66,545 mn RUR.

Severstal: 4Q 2011 operation results.In 2011 Severstal upped the steel output versus the previous year by 4% y/y to 15.29 mn tons. Output of steel in 4Q 2011 reduced 6% q/q to 3.761 mn tons.
 

News briefly
 
Oil and gas: Oil workers will lose 20 bn RUR at the discount for the agricultural producers.