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Daily review - June 11, 2009
Filed Under Trader’s view |
On Wednesday the Russian share market remained under reign of bulls, and the principal exchange indices were positive all the day long. As a support factor was once again the oil price, which managed to overcome the level of 70 USD per barrel (Brent) within the trading session. Growth was indicated on the majority of liquid shares of all the main sectors. The highest demand was ones again for the shares of power energy, having added 10%. The shares of oil and gas sector added less significantly and the segment is slightly overheated, which does not allow to grow more seriously.
Main Stock news
Oil export duty will be upped by 38.7% since July 1.
Oil export duty will be upped starting from July 1 by 60USD to 210-212 USD per ton, announced the deputy head of customs payments department of RF Ministry of Finance Alexander Sakovich.
Gazprom supposes Ukraine stopped gas intake.
Possibly Ukraine stopped gas intake to its underground storages since the beginning of this week, announced the head of Gazprom Alexei Miller at the press-conference.
Other Stock news
Ø Gazprom Neft and LUKOIL will attract money for the development.
Gazprom Neft wants to be one of the first companies that intend to take advantage of activeness return to the foreign debt capital market. Also LUKOIL is on the finishing state of attracting a club credit for the amount of 1 bn USD.
Ø Slovak Petrol is being offered to Gazprom.
Gazprom received an offer on purchasing the shares of Slovenian fuel company Petrol, however the decision has not been made yet, announced the head of Gazprom Alexei Miller to the journalists.
Daily review - June 11, 2009 (PDF)