Aug
12
Daily review - August 07, 2009
Filed Under Trader’s view |
On Thursday the trading session at the Russian share market went by the usual scenario – the RTS index dynamics repeated the oil price dynamics. Having opened in a lightly positive mood, the most part of day the RTS index was lower than the level of previous day close. In the afternoon the investors were waiting for the decision by ECB on base interest rate, and also the data on primal claims for unemployment in the U.S. ECB, as expected, kept the rate at the previous level, but data on unemployment overcame the forecasts of the investors. At the given background the RTS index won back a part of the day-time reduction; however the oil prices went negative, which leaded to selling in the end of trades.
Main news
Gazprom and Rosneft came to Turkey to stay.
Turkish Aksa Energy establishes new joint enterprises with Russian Gazprom export and Rosneft, announced the representative of Aksa, imparts Interfax.
CTC Media: seasonal growth.
Sales of CTC Media in 2Q 2009 totaled 113.9 mn USD, which is 34% lower than the similar estimate of the previous year. The net profit reduced by 38% to the level of 30 mn USD.
Other news
Ø Transneft will issue 100 bn RUR worth of bonds this fall.
Transneft plans to place its second transfer of bonds for 100 bn RUR till September-October, announced the president of the company Nikolay Tokarev to the journalists, imparted Interfax. According to him, currently the technical preparations are taking place for the given issue, all activities are planned to be completed till October.
Ø TMK will direct 401 mn USD to buyback of LPN on behalf of 450 mn USD credit from VTB.
The shareholders of Pipe metallurgy company (TMK) approved attraction of the credit from VTB for 450 mn USD for 1 year with the possibility of prolonging till 2014. The assets in the amount of 401 mn USD will be directed to the buyback of a share of LPN. The buyback will be conducted within the frames of a partial refinancing of the Eurobonds.