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Russian stock market daily morning report (February 05, 2013, Tuesday)

February 5, 2013, Tuesday, 10:29 GMT | 05:29 EST | 14:59 IST | 17:29 SGT
Contributed by Veles Capital


Due to corruption scandal in Spain, opposition of the state calls on prime minister to resign. We assume that considering the current situation in the state, resignation of the prime-minister threatens with worsening of the budget discipline.


Main events

Share’s rate of IRNC Holding was at the level of 2.16 RUR per share until the additional emission is complete

The government will buy additional shares of IRNC Holding for 25 mn RUR within the frames of an additional emission via the price below the market.

Volume of oil and gas condensate in RF grew in January 2013 by 1.2% vs the 2012 estimate

The given production data might make most positive effect for the shares’ quotes of Rosneft, Bashneft and LUKOIL.

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