• Recently Written

  • Trader’s daily - October 15, 2009
  • Trader’s daily - October 16, 2009
  • Trader’s daily - August 12, 2009
  • NCSP: Good, but expensive - July 27, 2009
  • Aeroflot: Airplanes will save Aeroflot - July 20, 2009
  • Daily review - August 12, 2009
  • Trader’s daily - August 11, 2009
  • Daily review - August 11, 2009
  • Trader’s daily - August 10, 2009
  • Daily review - August 10, 2009

• Categories

  • Bullet-moments
  • Trader’s view
  • Uncategorized

• Archives

  • October 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008

• Blogroll

  • New york extended stay - new york accommodation
  • Order SEO - Order SEO Service

• Russian Stock

  • Log in
  • Russian Stocks
  • Russian SEM

  Search

On Thursday a fall of oil prices had a negative effect on Russian stock market. RTS has fallen down below 1300 points and during the day decreased by 30 points. Almost all liquid securities have gone in value, especially the stocks of oil and gas companies, quotes of which decreased by 2-4%. We should mention that WGC-2’s shares decreased by more than -15%. We do not exclude that it can be caused by 2 reasons. First of all, news, concerning additional emission, which can blur the share of minority shareholders, can provide a negative effect on company’s stocks. Secondly, a fall could be caused by a judgment made during the trial against WGC-2’s management. The only exception among fell down blue chips became Norilsk Nickel, which added in value +5.19% on the back of achieved agreements between Prokhorov and Potanin. At the end of Thursday’s trades RTS managed to return lost points. It was boosted by the decision of USA Congress, concerning the plans to stabilize situation at finance market and give 700 bn USD to support the liquidity.

Main Russian Stock events

“Nafta Moskva” offered Potanin to purchase his Polyus Gold’s stake.
“Nafta Moskva”, headed by Suleyman Kerimov, offered Vladimir Potanin, the head of Interros, to buy his stake in Polyus Gold. According to “Vedomosti” newspaper, the purchase can occur only over next 2 weeks, under the price of about 25 USD per share, i.e. 1.6 bn USD for the whole stake, forming 35%.
International Monetary Fund forecasts capital inflow of 0-15 bn USD late 2008.

Net capital outflow in Russia could take place as far as positions are closed, which were opened on the base of carry trade with a view to RUR could strengthen. Such estimation was provided by Paul Thomson, the head of IMF in Russia during the press conference in central office of “Interfax” on Thursday.

Other Russian Stock news

IMF does not see system risks of Russian banking sector.
Gazprom abandoned the claim against former chief manager of WGC-2, in order to expand the financial claims.

Daily Russian Stock Market review - September 26, 2008 (PDF)

Comments