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Russian stock market daily morning report (March 04, 2013, Monday)

Contributed by Veles Capital

Aside the budget sequestration in the U.S., the stats on PMI non-manufacturing in China was another negative factor today morning. Against the background of the Chinese data, American futures and oil are trading in the red zone, which promises a negative open for our market.


Main events

In 2012 Nizhnekamskneftekhim upped the net profit in 2012 by 18%.

2012 dividends probably form about 2.78 RUR per share, slight correction on the news on NKNC should not be used for buying.

IRNC Volga in 2012 showed reduction of the net profit by RAS by 11%

Subsidiary of IRNC Holding showed reduction of sales by 4.3% vs the previous year; net profit of network company dropped 11%.