Aug
1
Russian Daily Stocks - August 1, 2008
Filed Under Trader’s view |
Russian stock market’s last day of July opened at a growth. The rise has been supported by several factors. Primary foreign indices have closed positive yesterday: DJ added +1.63%, NASDAQ +0.44%. Hong-Kong’s Hang Seng climbed +0.51%, European markets have also demonstrated some growth. Aside from this, market received support through speech of Dmitry Medvedev on support of small and average business. As a result – to the middle of the day RTS almost negated morning’s growth completely. However, US GDP data appeared much below expectations: GDP of 2Q added +1.92% versus expected +2.3%. Backed by this RTS lost over 30 points.
RTS of the day rose +0.91% and formed 1966.68 points. The most important support of the indicator has been provided by stocks of LUKOIL (+2.83%), Rosneft (+2.91%) and Gazprom (+1.53%). The utmost influence upon the indicator was sprayed by stocks of Uralkaly (company’s stock prices have been dropped (-9.35%) in order to calculate the index, though over RTS classic market they rose (+8.25%); VTB (-4.17%) and AvtoVAZ (-21.43% in order to calculate the index as well, although quotes at classic market showed no such fall).
Classic market turnover of Thursday formed 46.7 mn USD. Top three volumes were achieved by stocks of: LUKOIL (9.1 mn USD), Gazprom (8.6 mn USD) and Sberbank (5.3 mn USD).
Today is likely to go on through under a negative vector. The opening of trades is expected to bring -1-1.5% correction, related to drop of world’s primary stock indices. However – during the second half of day the situation could stabilize.
Main Russian Stock events
CZP 1Q IAS net income down 5 times.
Chelyabinsk Zinc Plant during 1Q 2008 dropped net IAS-compliant net income 5 times below past year, to 109 mn RUR, states the report of company. Throughout whole 2007 CZP gained 550 mn RUR of IAS-compliant net income.
Other Russian Stock news
Transneft revaluates investment plan.
Transneft’s investments of 2008 may form up to 205.6 bn RUR, or +8.8% above investments of 2007, states the project of information memorandum for new issue of company’s bonds.
Norilsk Nickel produced 143.4 th tons of nickel in 1H 2008.
Norilsk Nickel produced 143.407 th tons of nickel in 2008 versus 126.032 th tons during prior year’s first half, says the report by company. Thus – the production of nickel upped +13.8%. The production of salable copper upped +3% to 208.046 th tons. Company also produced 1,438 mn oz of palladium and 338 th oz of platinum.