Oct
6
Russian Daily Stock results - October 6, 2008
Filed Under Trader’s view |
Russian Stock Market today. Today the market experienced another serious crumble. The fall hit the blue chips at average of 20%. Another wave of world’s financial panic came up after US economy bailout plan got accepted. Amongst the “steady” stocks of the day was Seventh Continent, thanks to company’s publishing of a sound financial report.
Market tomorrow. The future developments at the market cannot be forecasted under given circumstances.
Russian Bonds
Market yesterday. The stock market crumbles. Bonds market is experiencing the similar influence. Cornered by the absence of liquidity, the investors attempt to get the cash through sale of bills and bonds alike. Do note though, the cash was gained quite easily through REPO today, by using the most liquid stocks (about 11-12% Over). At the same time some moderate interest hit the first tier (Luk, FSK, RZHD).
Market tomorrow. The future developments at the market cannot be forecasted under given circumstances.
Russian Stock Market with No comments
According to IAS 1H 2008 financial report, WGC-3’s net income increased 1.8 times and formed 3.2 bn RUR (Interfax)
TMK forecasts a growth of EBITDA of 1.15-1.2 bn USD over 2008, due to purchase of Ipsco (Interfax)
TMK’s pipe sales up by 5.3% over 9 months 2008 (Interfax)
KAMAZ’s sales added 10% over 9 months (Interfax)
Seventh Continent’s net income decreased by -19% over 1H 2008, versus expected -31% (Interfax)
Russian Stock Daily results - October 6, 2008 (PDF Stock Review)