Reports » Russia

Russian stock market daily morning report (January 28, 2013, Monday)

Contributed by Veles Capital

We expect positive dynamics to preserve at the Russian stock market. Investors might be interested in shares of companies that are expected to report their operation results within the coming few days.

Main events

Network companies gained the status of Guaranteeing Suppliers

Ministry of energy of RF gave a status of guaranteeing supplier to subsidiaries network companies of IRNC Holding.

Phosargo plans placing Eurobonds for 500 mn USD

Bonds' placement will be supporting increase of clarity of company and raises interest of investors in the coming SPO, which is capable of becoming a serious driver of company's shares growth.

AvtoVAZ raises prices of its vehicles against the background of sale reduction

We assume the investors are skeptical about the company' activities — since early this year the shares of AvtoVAZ lost 6.5% while MICEX index added over 4%. We suggest the investors refrain from entering the long-term positions of the shares of AvtoVAZ.