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Reports Russia

Russian stock market daily morning report (May 22, 2014, Thursday)

May 22, 2014, Thursday, 11:35 GMT | 06:35 EST | 15:05 IST | 17:35 SGT
Contributed by Veles Capital

Mild growth of quotes in Europe and the US, oil futures for Brent indicate positive expectations of the investors. Given lets us hope that the Russian stock market climbs up on Thursday.

Main events

Gazprom signed a contract with China.

We assume that the fact of contract getting signed might support the quotes of Gazprom in the nearest future; however, the contract has already been won back by the market. Nevertheless, the gas export to Ukraine is likely to be suspended from June 3, which makes holding long-term positions near the given data quite risky.

Stockholders of Polymetal adopted 0.08 USD per share as dividends

Stockholders of Polymetal adopted 0.08 USD per share as dividends. Sum volume of payments forms 31.2 mn USD or 30% of the corrected profit for 2H 2013. The stock price is 9.4 USD per share and the dividend yield forms less than 1%.