Jul
22
Daily review - July 22, 2009
Filed Under Uncategorized |
Despite the actual overheating of the Russian share market, on Tuesday it continued moving up. At that the main supporting factor – the oil price dynamics – was no longer showing rapid climbing as it did before. Nevertheless, the Russian market was not satisfied with what has already been achieved and is serious about breaking the 1,000 points of the RTS index level. Nevertheless, we assume the current oil price levels are not high enough for breaking the given level. Once again the market leaders are the oil and bank sectors. Along with that among the shares of the other sectors attempts to fixate profit are appearing already.
Main news
Gazprom expects profit from the domestic market in 2009.
In 2009 Gazprom plans to gain profit from selling gas at the domestic market for the first time, imparts the message of the concern, announced Interfax.
Strong report of Inter RAO UES by IAS for 2008.
By the results of 2008 the sales of Inter RAO UES grew by 41% versus the estimates of the previous year and formed 2,459 mn USD. Sales growth was provided mainly by the price growth of power energy distribution.
Other news
Ø The former member of Norilsk Nickel’s board will help WGC-3 sell a share in Plug Power.
WGC-3 might attract RockburyServicesInc. as a consultant on selling a share in the American Plug Power, the possibility of which is currently being considered by the generating company.
Ø Dalsvyaz has successfully placed its bonds.
On Tuesday Dalsvyaz completed placing market bonds of BO-05 series for 1.5 bn RUR. Last week the company defined the rate of the bonds coupon in the amount of 15% annually. As it was announced earlier the coupon rate target totaled 15.5-16% annually. The notes circulation period is 3 years. The company announced a 2-year offer for the buyback ahead of schedule. Half year coupons will be paid for the bonds.