Jul
28
Daily review - July 28, 2009
Filed Under Trader’s view |
The beginning of the week was positive for the Russian share market. Rally continued on the shares of the oil-and-gas sector against the background of the favorable conjuncture of the commodity market, and also on banks’ shares due to ruble strengthening. However the ardency of bulls faded versus the end of the previous week – the volume of operations reduced at the exchange market. Indefinite dynamics of futures for the American indices, and variously directed open of trades in the U.S. later on leaded to local fixation on the shares of Rosneft and LUKOIL. At MICEX correction was indicated on the shares of WBD during the day against the background of possible claims from FAS.
Main news
LUKOIL and Gazprom Neft showed profit in 2Q 2009 by RAS.
Net profit of LUKOIL in 2Q 2009 totaled 23.279 bn RUR, which is by 1.6 times lower versus the similar period of the previous year. Net profit of Gazprom Neft in 1H 2009 formed 26.36 bn RUR, which is by 2.3 times lower than within January-July 2008 (61.891 bn RUR).
Other news
Ø      By 2011 Gazprom Neft might become the owner of a 100% of Tomskneft.
In 2011 Gazprom Neft might buyback 50% of Tomskneft’s shares from the structure of Rosneft, announced the vice-governor of Tomsk region Vladimir Emeshev at the press-conference on Monday, imparts Interfax.
Ø      MOESK reported by IAS for 2008.
MOESK output yesterday the first consolidated report by IAS after its merger with MGESK. The sales of MOESK by the results of 2008 grew by 39% to 2,627 mn USD, the cost of the company grew by 47% and totaled 2,320 mn USD.