Jul
17
Daily review - July 15, 2009
Filed Under Trader’s view |
On Tuesday the positive has finally returned to the Russian share market being enforced by the external factors. The oil market dynamics set for the positive – cost of “black gold” exceeded 61 USD per barrel (Brent mix), which leaded to the active purchases against the background of over-sold market. Besides, a period of corporate reports – the fists one to report among the banks was Goldman Sachs, which reported significantly better than the market expected, and that has also provided support to its shares. Due to positive external background at the market the players’ activeness was indicated. The representatives of the commodity sector became leaders – deferred demand for shares was waiting for its time, and as soon as the oil market gave a reason for climbing, the demand found its application. Bank sector showed similar dynamics, including due to the ruble strengthening.
Main news
Three blocks of Sahalin-3 and a part of Zapadno-Kamchatskiy shelf were gained by Gazprom almost for free.
Gazprom will pay 577.6 mn RUR (17.8 mn USD) for the right to use the resources via the Sahalin-3 project (193.3 mn RUR for Kirishskit block, 151.8 mn RUR – for Ayashskiy block, 232.5 mn RUR – for Vostochno-Odoptinskiy block and 353.4 mn RUR (10.9 mn USD) for the license at he areas of Zapadno-Kamchatskiy shelf, announced Interfax agency referring to the Ministry of natural resources.
Other news
Ø In1H 2009 Raspadskaya lowered coal mining by 4% to 4.17 mn tons.
Versus 1H 2008 the extraction reduction totaled 18%. Distribution volume of the coal concentrate in 2Q 2009 totaled 1.685 mn tons (growth by 30% versus 1Q 2009, approximately 80% of the before-crisis estimate). Totally the company sold in 1H 2009 2.986 mn tons, which is 26% lower than by the end of the similar period of the previous year.
Ø Vimpelcom is placing bond at the market.
Rate of the first coupon of Vimpelcom-Invest, LLC bonds (SPV-company of Vimpelcom, JSC) of 3rd series for 10 bn RUR has been defined at the auction at the placement on Tuesday at the level of 15.2% annually, imparts the message of Interfax agency referring to the company.