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Russian stock market evening report by Veles Capital (June 30, 2009, Tuesday, 4.00 p.m. GMT)

Stocks
 
Market today. The trades were more or less active, and almost all the liquid shares were purchased (the oil shares and metallurgy), and also the shares of the second echelon (telecom, power energy). A reason for growth was the upping of the oil prices. Only the shares of Sberbank were for sale.

Market tomorrow. Ones again the shares reached the level of 1,000 points of the RTS index and MICEX, which limits the growth potential. If nothing happens at the commodity market over night, the Russian grounds might open neutrally.
 

Bonds
                                                           
Market today. The day was extremely inactive at the domestic market. The technical deals changed the list of turnover volumes as it should have been on the last lay of the month, and also leaded to the unjustified price growth of some issues. Totally no serious quotes change was indicated. At the Eurobond market things were livelier. However, the demand was of rather individual character (Transcreditbank 2011, URSA 2011).

Market tomorrow. The beginning of the month provides for turnover upping at the secondary market. At the same time the main interest was focused on the “fresh” loans.
 

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Net profit of Transneft by IAS in 2008 grew by 17.2% to 70.5 bn RUR, higher than forecasted. (Company)
The tariff for services of Transneft will grow by 4.4% average starting from July 1. (FST)
Holders of TNK-BP Holding approved joining 4 subsidiaries, which own more than 5% of the company’s shares. (company)
Gas tariffs growth in 2010 will exceed 10%, indexation of the power energy tariffs will be “closer to “5%”. (Dvorkovich)
Vimpelcom might begin placing bonds for 10 bn RUR starting from July 16, the target of yield – 16.1-17.18%. (Interfax)