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Russian stock market morning report by Veles Capital (June 29, 2009, Monday, 7.30 a.m. GMT)

The last day of the business week was rather optimistic for the domestic market. RTS index owes the upping by almost 2% at the trades open to the climbing oil prices. However, that was it for the optimism. During the day the indicator moved laterally on the expectations of the stats on the U.S. citizens’ healthiness. The data was not bad, but the correction that began at the commodity grounds did not allow the market to win back the good news in the proper way. Besides, the futures for the American indices were reducing and as a result the RTS index lost a share of morning upping. Note that the activity of the players reduced versus the previous days, and the volume of operations went 23% down. During the trading day the shares of Sberbank looked as a black sheep against the background of the climbing oil sector. The shares were going down against the background of the news on the confirmation at the annual shareholders’ meeting on the additional emission in the volume of 66.4% of the authorized capital stock.
 

Main news
 
Gazprom Neft gained control over Sibir Energy.
Structures, close to Gazprom Neft, made a deal June 22 on buying-selling 100% of Orton Oil Company Limited, which owns a share in Sibir Energy, imparts the message of the Russian oil company. The amount of the deal has not been disclosed.
 

Other news
 
- Gazprom is on the threshold of the positive 2H 2009.
Gazprom accounts on the second half of the year being more positive for the company, than the first half of the current year, imparted the head of gas concern Alexei Miller in course of the annual meeting on Friday.