Apr
7
The beginning of the week was quite positive for the Russian share market. The growth of RTS index at the open was supported by the external factors, including the increased oil prices. As a result the shares of oil-and-gas sector and also banks were the main reason of indicator’s climbing. Besides among the shares of the second echelon the demand was for the shares of Belon at the background of news on short-term loan restructuring, and also demand was for the common and preferred shares of Transneft, which added more than 8% after the statement by Putin on near completion of ESPO construction till the border of China. In the afternoon the market turned around along with the oil prices and has almost closed the morning gap. As a result the RTS index did not manage to fixate higher than the resistance level of 750 points.
reading stock charts Main news
MMC continues borrowing and investing.
Within the frames of reconstruction of mill 2500, MMC signed a contract on supplying equipment and installation supervision with ALTA (Czechia) and contractor agreement with PSG International a.s. (Czechia). Besides, within the frames of project execution of slab machine construction for continuous casting of blank part #6 and a complex of the secondary steel processing at MMC a deal with PSG International has been signed. In order to provide financing of the given projects MMC and Czech Export Bank made credit agreements for the amount of 155.5 mn USD.
reading stock charts Other news
Ø GAZ gets along by its own engines.
GAZ group currently does not conduct any negotiations on possible supplies engines by ZMZ to its plants.
reading stock charts Daily review - April 07, 2009 (PDF)