Reports » Russia

Russian stock market daily morning report (March 13, 2013, Wednesday)

Contributed by Veles Capital

Probably activity of today’s trade will also be held back by the expectations of the EU summit results. Slight correction of the American futures and oil provide for a negative open of the Russia stock exchange. As for macrostats, data on the industrial production in EU in January and retail sale in the U.S. in February are worth paying attention to.


Main events

RAS net profit of Uralkaliy in 2012 grew 15% to 49.079 bn RUR.

Data according to RAS generally confirms market’s expectations relating the results by IAS.

Shares of Polyus Gold Int. Will be included into FTSE Global Equity and FTSE All World Equity.

We assume the given message is neutral to the cost of shares of Polyus Gold Int. We keep our recommendation “HOLD” with target of 3.40 USD per share.