Mar
23
Russian Stocks
Market today. Price growth of oil and non-ferrous metals warmed up the demand of shares of oil-and gas and metallurgy sector. Gazprom, LUKOIL and Norilsk Nickel were of most demand. Due to expectations of Timothy Gaytner’s statement relating buyback of problem assets from banks, the purchases were indicated on shares of Sberbank. [...]
Mar
23
Last day of previous trading week the Russian market once again indicated high volatility. At the beginning of the trading session the shares won back the remaining positive from FED, related to another bailout measures. The market managed to freak through the 700 points level, however could not stay there till the end of the [...]
Mar
21
Despite the serious overheating the Russian market continued moving up on Thursday, and the growth rates increased. We suppose the basic factor for market high is the oil price, which added 2 dollars per barrel at European markets (spot price of Brent oil) and closely tested the level of 50 dollars per barrel. Along with [...]
Mar
19
Stocks
Market today. The rapid growth continued, and the RTS index was testing 700 points level. Oil sector and Sberbank were of demand. The oil shares climbed following the oil prices, Sberbank – following the ruble upping versus dollar.
Market tomorrow. We still hope for profit fixation at the market – almost all [...]
Mar
19
Despite the positive that was before trades beginning on Wednesday, the Russian share market closed in slight minus. Till noon the market grew and the RTS index reached the levels of early this year. However the local overheating we suppose was too high – the RTS index climbed by almost 29% in less than a [...]
Mar
19
Market today. Majority of shares moved down. The most significant damage was done to the oil sector, which was pulled down by the dropping oil prices. GAZ was positive on the news on restructuring of loan, provided by Sberbank.
Market tomorrow. Evidently, the market is into the wave of correction and might be dropping [...]
Mar
18
Daily review - March 18, 2009
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On Tuesday the Russian market continued the serious climbing. Pre-trading hours indicated only ruble strengthening as a serious growth reason, while the usual indicators (U.S. and Asian indices and oil price dynamics) were likely slightly negative. Nevertheless, from the very beginning of trades the market directed up and bulls thirst was quenched only at 667 [...]
Mar
16
Severstal gained 1.208 bn USD of net loss by IAS in 4Q 2008. At 2008 year-end the net profit upped by 9.9% versus 2007 estimate to 2.034 bn USD. The sales increased by 1.44 times to 22.393 bn USD. The company did not provide forecasts of 2009, but lowered capital expenses target for 2009 from [...]
Mar
16
March 11, 2009 MTS output 4Q 2008 and full-year 2008 US GAAP report, which includes company’s activity estimates under the conditions of crisis. We assume the following important moments of the report are to be outlined. First of all, the devaluation of Russian ruble and Ukrainian hryvnia (the company gains more than 90% of sales [...]
Mar
16
On Friday the Russian share market went high to December 2008 levels. Players’ activity grew 4 times. Demand was concentrated on the shares of the oil-and-gas sector, which was supported by improvement of oil market conjuncture. Support to the RTS index came from behalf of the international grounds that showed positive dynamics during the day. [...]