Reports » Russia

Russian stock market daily morning report (February 01, 2013, Friday)

Contributed by Veles Capital

We assume correction at global trade grounds goes on until there is some news capable of changing the downtrend of the global indicators.

Main events

PhosAgro intends to build a line with 450 th tons NPK capacity at Balakovo site.

Sum investments into Balakovo site till the end of 2016 is estimated in 8.8 bn RUR

MMK cut steel output in 4Q 2012 by 13% qoq.

MMK relates production and end product shipment decrease in 4Q 2012 to the seasonal reduction of activity in construction industry and reduction of the orders’ level from the processing plants, which produce Zink-coated rolled metal.

TGK-1 output the results on operation activity for 4Q and 12 months of 2012.

Production volume by TGK-1 in 2012 formed 30 bn 388.3 mn hours kW per h, which is 7.1% above the 2011 estimate. Volume of selling power energy at the wholesale market in 2012 grew 9.5%.