Apr
22
Daily Stock review - April 20, 2009
Filed Under Uncategorized |
The last trading day of the previous week indicated climbing of the majority of liquid shares quotes at the Russian share market. The external background before the beginning of trades was rather favorable, which leaded to price growth at the trades open. Later on the positive remained. That might have been supported by boosting on behalf of the raw material markets, which were climbing. Besides, the output of the reports by American Citigroup and General Electric might have also supported the market – the results turned out to be better than expected by the investors. The oil-and-gas sector looked good also due to climbing oil prices. On contrary Norilsk Nickel and some representatives of the power energy market looked worse than the market – earlier those shares grew by exceeding rates versus the other market participants. Note that the demand remains in the power energy sector and is spreading to the less liquid shares.
Main Stock news
NLMC reduced steel production in 1Q 2009 by 12%.
Novolipetsk metallurgy company reduced steel production in 1Q 2009 by 12% versus the estimate of 1Q 2008 to 2.1 mn tons. Selling metallurgy products by NLMC within the reported period dropped 25.3% versus the similar period last year to 1.945 mn tons and grew by 3.5% versus the previous quarter.
Daily Stock review - April 20, 2009 (PDF)