Jun
16
Daily Stock review - June 10, 2009
Filed Under Trader’s view |
On Tuesday the trades at the Russian market ones again was volatile and had no common idea of quotes movement. So the trades started with prices growth within the frames of winning back the slightly climbed oil prices the night before. However, the data, output at noon, on the industrial production in Germany, which turned out to be worse than expected, might have caused slight lowering of the market. Totally the market varies around the level of 1,100 points of the RTS index. Despite the weak upping of the oil price, the oil sector’s shares went in the opposite directions – approximately half of them has added in price, and the remaining ones went negative. The representatives of the power energy sector were loosing in price, though the day before they seemed to be a lot better than the market.
Main Stock news
In 2009 NOVATEK plans to launch the third stage of Yurharovskoe deposit.
NOVATEK plans to put into operation the third stage of Yurharovskoe deposit till the end of the current year, announced the chairman of the board of NOVATEK Leonid Mihelson.
Other Stock news
Ø NOVATEK might consider the variant of LNG plant construction.
NOVATEK believes the variant of establishing production of liquid natural gas (LNG) at South-Tambeyskoe deposit to be more preferred versus transporting gas via gas pipeline.
Daily Stock review - June 10, 2009 (PDF)