Aug
4
Russian Stock Daily review - August 4, 2008
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The trades over Russian stock market have gone under a negative flow last Friday. Aside of this – oil prices have dropped considerably as well. Later on, the stocks of oil & gas sector started dropping its quotes. Among top positive stocks – were of Norilsk Nickel, which added price, expecting the board meeting, set to appoint new CEO.
RTS lost -1.27% and closed at 1941.73 points. The index has been downed by stocks of Gazprom (-2.34%), Rosneft (-3.77%) and Sberbank (-2.68%). Some positive support upon the index has been dropped by stocks of Norilsk Nickel (+4.21%) and Uralkali (+4.93%).
Classic market’s turnover of RTS has formed 32.6 mn USD. Highest turnover volumes were achieved through stocks of LUKOIL (9.2 mn USD), Norilsk Nickel (5.4 mn USD) and Gazprom (4.5 mn USD).
The beginning of a new trading week throughout the Russian market is likely to be negative. Negative dynamics brought off primary foreign grounds promises a drop of RTS index in -0.5-1% range.
Main Russian Stock events
Drogobuzh’s IAS 2007 report.
Net income of Drogobuzh, Acron’s subsidiary, increased more than 3.5 times in comparison with 2006 results and formed 1.363 bn RUR, says company’s statement. We have estimated company’s net income in 1.32 bn RUR (decreased by -3.15%).