May
12
Daily Stock review - May 12, 2009
Filed Under Trader’s view |
On the last trading day at the Russian stock exchange the mixed dynamics of prices was indicated. On one hand, the results of the stress-tests turned out to be positive, which provoked demand in the bank sector – Sberbank and VTB were purchased actively. On the other hand the necessity of profit fixation was obvious, which was visible in the shares of Gazprom, LUKOIL, Rosneft and Norilsk Nickel. Also the reason for correction on the shares of Gazprom might have been the closing of its register. In the afternoon the positive stats on U.S. labor market provided support to the Russian grounds and the RTS index managed to compensate a share of daytime drop. Anyway by the end of the day the main range of liquid shares dropped 1-4%.
Main Stock news
Two more IRCs summed up quarter results.
Sales of Volgatelecom, JSC for 1Q 2009 by RAS formed 6.7 bn RUR, which is 2.8% higher than the similar estimate of 2008. Net profit reduced by 1.5% and reached 765 mn RUR. Net loss of STC, JSC for 1Q 2009 by RAS formed 321 mn RUR versus 463 mn USD profit for 1Q 2008. Sales of the company upped by 4.6% and reached 5.3 bn RUR.
Other Stock news
Ø LUKOIL keeps on trying to gain the whole RITEK.
LUKOIL-West Siberia, JSC – a 100% subsidiary of LUKOIL – directed an optional offer on buyback of RITEK’s shares via 211 RUR per common share and preferred share, imparts the message of RITEK, states Interfax.
Ø Belon might reduce dividends by the end of 2008 by almost 13 times.
Board of Belon recommended at the session on April 28 the annual shareholders’ meeting to make a decision on paying 1.332 RUR per share by the end of 20087, which forms 50% of RAS net profit, imparts the message of the company. The annual holders’ meeting will be conducted June 25th. The list of persons that obtain the right to participate in the meeting and collecting dividends was formed by the data as of May 7, 2009. The time constraints of dividend payoff – till August 24, 2009.
Daily Stock review - May 12, 2009 (PDF)