May
13
The ascension of Russian stock market did continue after holidays. RTS had breached 2300 points yesterday. The euphoria over stock market was supported by political factors and positive condition of commodities markets alike. Oil is currently traded at its highest prices, and even despite the slight correction, black gold’s quotes are above 120 USD per [...]
May
12
A growth, unseen for couple of months had touched Russian market, after it opened downward, backed by negative dynamics by foreign grounds. RTS not only beat a psychologically important line of 2200 points, but added almost 100 points in just one day. It seems Russian market was rejuvenated by the speech by premier Putin, who [...]
May
8
This Wednesday Russian stock market demonstrated rather significant growth rates, as RTS easily pierced 2200 points. A whole range of strong factors supported the trend. Traditional influence was brought by increased foreign markets prior to Russian trades. Second issue – oil price. During the trades of Wednesday Brent oil price cut through 120 USD per [...]
May
7
Russian Stock Market - May 7, 2008
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During Tuesday Russian stock market was moving under influence of external factors. The start of trades was flagged by market growth, still backed by oil prices. After European grounds opened doors and dropped down, Russian stocks have decided to follow. However, the so called “oil-factor” was obviously the determining factor – as Brent oil barrel [...]
May
6
Yesterday CTC Media published its US GAAP report of 1Q 2008. The sales versus 1Q 2007 formed 31.3% and reached 137 mn USD. OIBDA dropped slightly (-2.1 p.p.) and formed 40.4%. In general – quarter values of company fall within annual targets of CTC Media’s management (sales of 600-650 mn USD, OIBDA margin at 45-48%).
We [...]
May
6
Russian Stock Market Daily trader’s view - May 6, 2008
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Yesterday Russian stock market was moving in a narrow range. Throughout Sunday’s trades Russian quotes have absorbed all the changes occurring through the second half of last week and after trading session opened, investors froze in waiting for news off foreign grounds. Trades at European and US stock indices were calm – as changes of [...]
May
5
Sunday’s trades of Russian equity market featured a rise of quotes. As we have stated already – US Fed rate cut down – 0.25 p.p. during the meeting of April 30th had supported the market. Fed’s actions have triggered the growth among all major foreign markets. Considering the fact that Russian market had no trades [...]
May
4
Russian Stock Events - May 4, 2008
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Wednesday – prior week’s last business day brought an expected fall upon whole Russian stock market. As primary factor to push quotes down – was the upcoming long and “special” weekend in Russia. More to that, US Fed were expected to make decision regarding the base rate. Considering the fact that possible change would only [...]