Aug
6
On Tuesday, a fall of Russian stock market has continued. The fall took place on the back of expanded results at European stocks. Among negative factors were decreased oil prices. During the trades, Brent oil prices decreased by -2 USD. Mikhail Prokhorov and Vladimir Potanin, Norilsk Nickel’s major shareholders are almost finished a deal concerning the blocking stake of the company. A slight upwards motion was seen after the news was announced, whereas the supporting driver was Norilsk Nickel’s stocks, demonstrating a positive dynamics and their growth formed almost 7%. However, the results of the day indicate that price of Norilsk Nickel’s securities have finished with a negative value. All said above (the fall on the back of expanded results abroad), could be connected to the fact that investors quit the market has a global aspect.
RTS of Tuesday has been reduced -4.42%, down to 1812 points, which is the lowest value over 2008. The stocks of Gazprom (-6.03%), LUKOIL (-4.96) and Rosneft (-6.97) have caused most damage to index. The support was provided by the securities of Aeroflot (+3.39%), MTS (+0.91%) and Seventh Continent (+0.19%).
Classic market’s turnover of RTS formed 56.2 mn USD. Leaders on turnover volumes were stocks of Norilsk Nickel (12.5 mn USD.), Gazprom (9.4 mn USD) and Sberbank (8.6 mn USD).
Yesterday, all foreign grounds have demonstrated a significant growth. DJIA and Nasdaq Composite increased by 2.94% and 2.81% respectively. The same sound situation can be seen at Asian grounds. Thus, Russian stock market has an opportunity to climb, after falls over last 3 trade sessions.
Main Stock events
Potanin buys Norilsk Nickel 16% stake from Prokhorov.
Oneksim, headed by Mikhail Prokhorov is finishing the consolidation of a 16.66% stake of Norilsk Nickel, in order to its further sell to Potanin’s structure. According to the terms of irrevocable offer, Potanin’s structure wants to purchase the given stake under 10 bn USD, or 315 USD per share.
AvtoVAZ’ IAS 2007 report.
AvtoVAZ has established its IAS 2007 report. Company’s net income increased by 4% vs 2006 results, to 3.7 bn RUR. According to IAS report, company’s revenue formed 187.5 bn RUR, which is higher 2006 results by 4%.
Other Russian stock news
Transneft Транснефть: FTS’ reverse tariff.
Federal Tariff Service (FTS) confirmed a reverse tariff for transferred oil at the segment from Western Siberia to Pacific Ocean in reverse mode, which formed 981.64 RUR per ton, Interfax informs.
KAMAZ’ operating results.
During January-July 2008, the company has sold 32.8 th trucks, which is by 14% higher the results of the same period prior year, company’s press office reported.
Daily Russian Stock review - August 6, 2008 (PDF)