Apr
6
History russian stock market - April 03, 2009
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Stock Market today. On Friday the growth continued. Due to the oil price adding the demand was for the representatives of the oil-and-gas sector. At that background following the gold that dropped in price, the shares of gold miners were dropping.
Market tomorrow. We assume that on Monday the market unlikely will show growth – the resistance factors are very strong in the face of the market overheating.
Bonds
Market today. On Friday the activity of market participants was visibly higher. However, the main trade volumes were on the loans of Moscow (MGor-45, MGor-46, MGor-50). Also we should note the rapid decrease of quotes of the 3rd issue of Irkutsk region, which lowered without any visible negative by 50 p.p. considering the turnover of 113.7 mn RUR. Besides, interest was for the HEPS-02, Rosselhoz-3. At the Eurobond market for the second day in a row the ruble bank loans were bought (Rosbank 2009, Bank of Moscow 2009, Gazprombank 2010), and also the mid-term currency bond (VTB 2011, Gazprombank 2015, Severstal 11, Mezhprombank 2010-2, Tatfond 2010).
Market tomorrow. On Monday the market conjuncture will unlikely change. At the same time the ruble strengthening will create favorable environment for ruble assets cost growth.
history russian stock market
Unemployment in the U.S. grew in March to its maximum within 25 years, loss of work positions totaled 663 thousand. (Interfax)
Inflation in RF totaled 5.3% in 1Q, in march – 1.2%. (Ignatyev)
The most sharp phase of the crisis has been passed in RF, in coming months the slow economic growth is possible. (Ignatyev)
Net profit of VTB in 1Q 2009 reduced to 1.99 bn RUR due to reserves. (Interfax)
Government of RF might provide Gazprom with bail, the company did not refuse yet. (Interfax)
BasEl estimates Russneft in 7.5-8 bn USD, might cancel negotiations with Gazprom Neft. (Interfax)
Belon refinanced the short-term credits, and accounts for state warranties for 5 bn RUR. (Interfax)
AvtoVAZ and ZIL gained an opportunity in 2009-2010 not to spend money for redeeming old debt to the budget. (Interfax)
russian stock market historical performance (PDF)