Aug
3
Trader’s daily - July 31, 2009
Filed Under Trader’s view |
The trades on the Russian companies at the RTS market were variously directed on Friday. The session opened positively against the background of oil prices, however with the open of trades in Europe the investors began fixating profits. On the threshold of GDP data output in the U.S. the purchases resumed, not for long however. Stats turned out to be better than expected, however negative motions at the commodity market caused the need of fixating profit, which was partially won back before the trades close.
Main Stock news
In 1H 2009 Gazprom reduced RAS net profit by 41%.
Non-consolidated net profit of the head company Gazprom by RAS in 1H 2009 reduced by 41% to 169.039 bn RUR, imparts Interfax.
Severstal in 2Q 2009 reduced steel output by 28% to 3.8 mn tons.
In 2Q 2009 Severstal reduced the production versus the similar period of the previous year by 28% to 3.813 mn tons. According to the message of the company, the production grew versus the first quarter by 0.4%. Output of cast iron in 2Q 2009 versus the similar period of the previous year dropped by 25% to 2.8 mn tons, rolled metal – by 29% to 2.9 mn tons.
Other Stock news
Ø Neutral results of WGC-3 for 1H 2009 by RAS.
Sales of WGC-3 in 1H 2009 dropped by 1% and totaled 18.1 bn RUR. The cost of the company within the reported period reduced by 7% and formed 15.1 bn RUR. Profit from selling grew by the end of 6 months of 2009 by 29% to 2.3 bn RUR. Net profit of the company grew within the reported period by 17% to 4 bn RUR.
Ø Strong report of WGC-6 by RAS in 1H 2009.
Sales of WGC-6 in 1H 2009 remained at the level of the similar period of 2008 – 20.4 bn RUR. Cost of the company within the reported period reduced by 22% and totaled 15.3 mn RUR. Profit from selling grew by the end of six months grew by 354% to 3.6 bn RUR. Net profit of the company within the reported period grew by 446% to 2.7 bn RUR.