Aug
5
Daily review - August 05, 2009
Filed Under Trader’s view |
Tuesday the trades at the Russian exchange market were variously directed against the contradictory external background. The oil prices varied within the range of 72-73 USD entering red or green zones from time to time. The RTS index moved following the oil prices. In the afternoon the negative stats on income and expense of U.S. citizens came out, however the Russian market reacted neutrally. The rapid price high was the reason for that – the oil prices climbed to 73.4 USD. During the day the profit was fixated on the shares of Gazprom and LUKOIL. Purchases continued in Sberbank. The shares of VTB looked worse than the market against the background of bad IAS report of the bank for 1Q 2009.
Main news
LUKOIL was allowed to purchase a refinery in Netherlands and the company wants to place bonds for 10 bn RUR.
Euro committee approved purchase of a share in Netherlands refinery TRN from Total by LUKOIL, announced Bloomberg agency, imparted Interfax.
Other news
Ø TNK-BP will invest in utilization PNG 700 mn USD to 2012.
TNK-BP intends to invest about 700 mn USD in utilization of associated oil gas (AOG), imparts the message of the company, announced Interfax.
Ø AvtoVAZ upped the selling of Lada by 12.4% versus June.
By the results of July 2009 the enterprises of service-distribution network of AvtoVAZ at the Russian market sold 32.426 thousand vehicles, by 3.575 thousand vehicles more than in the previous month.