Jul
31
Daily review - July 31, 2009
Filed Under Trader’s view |
Thursday was contradictory for the Russian exchange market. In the first half of the day the mixed dynamics prevailed on the shares of the main range of the liquid notes. In the afternoon the RTS index started climbing against the background of oil price growth resuming after the drop yesterday. Besides, strong quarter reports on Motorola and General Electric came out, which stole the show of the negative labor market data from the U.S. Note that the number of claims for unemployment turned out to be higher than the market expected. Nevertheless, the exchange markets of the New World opened positively, and the domestic indicators went even higher under their positive impact.
Main news
Surgutneftegas gained 77.26 bn RUR of net profit in 1H 2009.
RAS net profit of Surgutneftegas in 1H 2009 formed 77.262 bn RUR, which is by 6.3% higher than the estimate for the similar period last year.
Board of Polyus recommended paying 6.55 RUR for 1H 2009.
Board of Polyus Gold made a decision to call special meeting of the holders in order to consider the matter on paying dividends for 1H 2009. The meeting will be in writing, the bills for voting will be accepted till September 14.
Other news
Ø Norilsk Nickel upped the output of nickel by 2.9%, copper – by 4% in 2Q 2009 versus 1Q 2009.
The output of nickel by the end of 1H 2009 formed 140.751 thousand tons. As it was announced, in 1H 2008 Norilsk Nickel output 143.4 thousand tons of nickel. So, in January-June 2009 the output of nickel dropped by 1.8%. The output of copper in 1H 2009 totaled 195.507 thousand tons (in January-June 2008 – 208.046 thousand tons), palladium – 1.354 mn ounces (1.438 mn tons), platinum – 315 thousand tons (338 thousand ounces).
Ø Silvinit reduced the net profit in 1H 2009 by 2.1 times.
In 1H 2009 the net profit of Silvinit totaled 6.111 bn RUR, which is by 2.1 times lower than within the similar period of the previous year (12.82 bn RUR).