Reports » Russia

Russian stock market daily morning report (October 12, 2012, Friday)

Contributed by Veles Capital

Trade at stock exchange in the U.S. and Europe closed Thursday with increase of indices after output of good stats of the U.S. labor market. The number of Americans filing jobless claims last week reduced to lowest level since February 2008. Resulting from that, FTSE 100 added 0.92% and S&P 500 0.02% yesterday.

Main events

LUKOIL will attract partners for developing Western Kurna-2.

LUKOIL plans attracting companies with experience in the region for co-operating in developing the oil deposit Western Kurna-2.

Within 9 months Surgutneftegas upped extraction by 1%.

Surgutneftegas upped extraction by 1% up to almost 46 mn tons of oil within 9 months.

NLMC won in court 5.1 bn RUR from IRNC Center on the “mast mile” deal.

NLMC won a large case against energy company in the Arbitrage court yesterday. It managed to prove the fact of IRNC Center unjust enrichment on “last mile” deal in the volume of 5.1 bn RUR. That is comparable to the net profit of the company for 2011 and is one of the largest positive decisions on claims among the ones ever erected against the power companies.

Sales of Raspadskaya for 3Q 2012 might reduce 20%.

Raspadskaya output production results for 3Q 2012. Company lowered coal mining by 25% q/q to 1,378 th tons. The volume of selling concentrate in Russia lost 10% q/q to 779 th tons, while export reduced 1%.

Operation results of X5 Retail Group for 3Q 2012.

X5 output its operation results for 3Q 2012. Results still indicate problems of the network mainly with the hypermarkets format (it still is unprofitable).