Sep
24
On Thursday Russian stock market demonstrated negative results. During the day RTS decreased by -3.5% and formed 1265 points. A negative influence was caused by the stocks of banking and oil and gas sectors. The securities of Gazprom, LUKOIL, Surgutneftegas and Rosneft decreased by 3-6%. A fall was provided by decreased oil prices. Oil prices (Brent) formed 101 USD, below previous results more than by 2 USD. In spite of unstable factors, a negative effect on banking sector was provided by new anticipations, concerning financial crisis and a possibility that the taken measures applied by Treasury Department could be useless in the current situation. Another factor was decreased by S&P ratings of 7 banks from positive to stable. The changes of rating reflect the fact that market conditions in RF became more complicated and volatile, especially taking into account poor situation with liquidity and terms of refinancing. The trades at European grounds also demonstrated negative dynamics: main European indices also decreased by 0.8-1.8%. Among positive moments are: sound quotes of Polyus Gold, increased due to a growth of prices of precious metals and sound quotes of Raspadskaya (+3%), due to positive results under IAS 1Q 2008 financial report.
During the last trading session RTS decreased by -2.85% and formed 1272.13 points. The deepest fall in quotes was experienced by stocks of LUKOIL (-4.12%), Surgutneftegas (-10.69%) and Gazprom (-1.81%). A positive influence was provided by stocks of Polyus Gold (+7.89%) and Raspadskaya (+3.32%).
Trade turnover formed 29.8 mn USD. The top sold stocks of the day were of: Sberbank (12.8 mn USD), Surgutneftegas (6.5 mn USD) and MTS (2.8 mn USD).
The external factors are still negative for Russian stock market. USA indices decreased on the base of anticipations, concerning financial crisis and a possibility that the taken measures applied by Treasury Department could be useless in the current situation. Moreover, a fall of oil prices is another negative factor for the market. However, taking into account market overselling and the fact that domestic situation becomes more and more stable, Russian stock market could be not so sensitive to falls of foreign indices. The trades could start stable; RTS waving can be in bounds of -0.5% to +0.5%. During the afternoon the data, concerning housing sales in USA at secondary market will be published. The experts expect a fall of these results by 1.2%. The given statistics can have an effect on RTS during the afternoon.
Main Russian stock events
Raspadskaya’s net income increased 2.8 times under IAS 1Q 2008 report.
According to IAS 1Q 2008 report, Raspadskaya’s net income increased 2.8 times and formed 262 mn USD, says company’s statement. Company’s revenue totaled 607 mn USD (1.8 times growth), EBITDA - 434 mn USD (2.1 times growth).