Oct
7
Russian Stock Market today. Today trades at Russian stock market started at 1 P.M. and were very volatile on the back of low level of interactions. The stocks of banking sector demonstrated positive dynamics, boosted by expectations, concerning government’s support. Before noon a growth of oil prices has a sound effect on Russian stock market. However, due to unstable situation at the grounds, RTS did not manage to exceed 900 points. During the afternoon almost all blue chips fell down.
Market tomorrow. The future developments at the market cannot be forecasted under given circumstances.
Russian Bonds
Market yesterday. Today’s situation is similar to yesterday one. A difficult liquidity situation can be observed. State banks (Sberbank, VTB) conduct repo deal under 11-12% per annum (from overnight to a week). Traders are trying to sell their bonds (in order to gain liquidity). Those people, who have money buy short-term 1-tier bonds (LUKOIL, Russian Railways)
Market tomorrow. The future developments at the market cannot be forecasted under given circumstances.
No comment (russian stock market)
Four large oil companies of Russia appealed in government for financial support. (Interfax)
Libya asked OPEC to decrease oil extraction rate, in order to increase oil prices (Interfax)
TMK could decrease dividends 2 times in accordance with 9 months results. (Interfax)
MMK decreases production rate and optimizes staff number. (Interfax)
Major banks will receive subordinated loan worth 950 bn RUR. (Interfax)
Central Bank of RF is ready to give unsecured credit to approximately 100 banks. (Interfax)
FRS establishes a special fund to buyback commercial papers. (Interfax)
Daily Russian Stock results - October 7, 2008 (PDF Stock Report)
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