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Russian stock market daily morning report (February 06, 2013, Wednesday)

Contributed by Veles Capital

Against the background of positive results of global indices trade, we expect positive start of trade at the Russian exchange market.

Main events

Unilateral sanctions of Washington invoked to cut the oil income of Teheran, are coming into effect today.

Despite the fact that given news was expected, actual effect of sanctions introduction on the demand and offer balance at the oil market that we are to observe within the coming few months, might actually provide extra support to the quotes of the black gold in mid-term prospect

A tender announced on state portfolio of TGK-5.

Buyer of the state portfolio of TGK-5 might win about 7.59% from the deal with Rosimushchestvo (Federal Property Management Agency).

Automobile production in Russia in 2012 grew 12.9% to 1.969 mn items.

Under current conditions the main outsider of the market actually is AvtoVAZ, while the company’s nearest competitor – Sollers (GAZ) ia aggressively building up automobiles output (company plans to increase output by 2.5-3 times by 2014) at modern enterprises.