Mar
30
Stocks Market today. The market was all into selling due to negative background. Under the conditions of overheated market it did not take much – oil price drop pulled the whole market down. AvtoVAZ was in positive zone due to news on state bail, along with Sistema and Bashneft, which climbed due to news on Sistema purchasing Bashkir FEC.
Market tomorrow. Looks like the market turned around within the past two days and for the close coming future the negative trends are likely to remain.
Bonds
Market today. On Monday the trade activity reduced slightly. The favorable conditions from the point of ruble liquidity were worsened by ruble rate weakening versus dollar. Due to that negative quotes dynamics prevailed at the russina bond market. Particularly a slight correction took place on the issues of Moscow and Moscow region, VTB, and also companies of second echelon. Eurobond market conjuncture did not go through changes. Still profit fixation was indicated on several short-term currency bonds and the stable demand of long-term issues (Severstal 2013, Bank of Moscow 2013, Promsvyazbank 2012, Mezhprombank 2012-2, Tatfondbank 2010).
Market tomorrow. Dollar strengthening should cease in a couple of days and that will return interest to ruble notes at the domestic market. At the same ruble Eurobonds still look rather over-bought.
No comment
Surgutneftegas purchased shares of MOL twice higher than the market. (Interfax)
RusHydro doubled net profit in 2008. (Company)
Mechel-Mining reduced extraction of coking coal in February by 4.3 times. (Interfax)
NWT reduced RAS net profit of 2008 by 3 times. (Interfax)
AFK Sistema became owner of Bashkir FEC. Deal amount – 2.5 bn USD. (Melamed)
AFK Sistema does not plan changing MTS’ dividend policy. (Evtushenkov)
Minpromtorg offers to grant a loan to AvtoVAZ via deposit in Rostechnology with the possibility of converting into AvtoVAZ’ shares. The banks are ready to sign memorandum on financing the investment program of AvtoVAZ in the amount of 90 bn RUR. (Aleshin)
Sollers asks for state warranties for bonds amounting 5 bn RUR for the project at the Far East. (Shvetsov)
Trader’s Finance daily Stock market - March 30, 2009 (PDF)
easy to read stock charts