The dynamics of the RTS index was contradictory. The beginning of the day was characterized by weak climbing of quotes against the background of the positive external factors, the upping oil price in particular. However, then the profit fixation was indicated mainly on the shares of Sberbank and Gazprom. The preferred shares of Sberbank, on contrary were of demand. Lower volumes were on LUKOIL, Rosneft and Norilsk Nickel. In those shares the sellers prevailed. VTB was trading more actively due to buyers’ presence. Stats on the U.S. labor market, output at 4:30 pm Moscow time, turned out to be unexpectedly weak, which enhanced the negative mood of the players.
Main news
LUKOIL wants to complete the set of refineries in Eastern Europe.
LUKOIL covered its needs in the oil processing capacities on the South and North of Europe, imparted in the interview to the Agancy on oil information the head of the company Vagit Alekperov on the threshold of the shareholders’ meeting.
Quarter report of Dalsvyaz: no crisis felt.
Sales of Dalsvyaz by IAS in 1Q 2009 totaled 4.3 bn RUR versus 3.9 bn RUR within the similar period a year earlier. The operating profit grew from 947 mn RUR to 1.2 bn RUR. The net profit of the company totaled 787 mn RUR versus 538 mn RUR in 1Q 2008. Such data is included in the report of the company.
AvtoVAZ fires all its 23 vice presidents.
AvtoVAZ fires all its 23 vice presidents, and after than it will hire 11 new ones. At the same time Renault will keep one vice president out of the current four.
Other news
- Gazprom is getting ready to cut off 30% from the investment program.
Gazprom might reduce the investment program in 2009 by 30%, stated at the briefing in Moscow the deputy chairman of the board of Gazprom, head of the financial-economic department Andrey Kruglov, imparted Interfax.
- Metalloinvest negotiated with Rosnedri the possibility of correction of the temporary features of Udokan.
According to Usmanov, there is a negotiation with Rosnedri that the company will provide for their revision the calculations of correction of the temporary features, considering the modern trends at the non-ferrous metals market. According to him, the payoff for the license will be conducted in the full volume, via the price, announced before crisis, the payments will be executed within the close coming days.
