Reports » Russia

Russian stock market daily morning report (January 18, 2013, Friday)

Contributed by Veles Capital

We expect rapid adding of quotes at the Russian Exchange today: likely markets will be winning back the strong macroeconomic results of the U.S.

Main events

Gazprom announced its financial results for 3Q 2012 by IAS.

By 9 months results the net profit of company was 12% short – 813.7 bn RUR. Despite the positive 3Q results, which were above market expectations, the year target of company is a bit worse than expected.

Stable growth of Inter RAO against the background of the free prices growth at the power energy market in Siberia.

Inter RAO group, which owns several facilities of power energy generation in Siberia, showed upside trend of the shares’ quotes course within the three past days with no sharp changes of the rate as the free price grow at the energy market of Siberia.

Petropavlovsk is attracting Chinese investors into capital of its subsidiary IRC Limited.

We assume given news is positive for the quotes of Petropavlovsk.