Mar
10
Trader’s daily Stock Market - March 10, 2009
Filed Under Bullet-moments |
Russian Stocks Market today. On the first day after the holidays rapid growth of main spectrum liquid shares’ quotes was indicated. The most interest related the shares of Gazprom and Rosneft. The shares of Uralkaliy became the share of the day due to price upping by almost 40% on the corporate news. The shares of VTB are still of demand.
Market tomorrow. The external background remains positive. Due to growth at U.S. markets, upping of oil prices and ruble strengthening the climbing might be continued. However we assume the quotes will not show such upping as they did today.
Bonds market
Market yesterday. Ruble strengthened and that improved interest in the ruble bonds. At the same time turnover at the domestic market was not that high. Among the turnover leaders was the debut issue of X-5. Besides, investors’ interest was indicated in VTB-6, Gazprom-4, URSA bank -5. At the euro bonds market the significant rush was around ruble loans, due to those note are hard to find. As before the most interest was for the notes of banks (VTB 2009, Bank of Moscow 2009, Rosbank 2009). The currency euro bonds were also demanded, which was especially notable in the loans to be redeemed in 2009-2010.
Market tomorrow. CB continues limiting banks’ ruble liquidity, which might turn out in reduction of currency loans cost (the banks are forced to leave from currency) and increase of interest in the Lombard list notes.
No comment stock market
Export duty for oil will be reduced to 108-112 USD per ton starting from April 1, 2009. (Ministry of Finance, RF)
Gas price down will not affect Gazprom’s investment program yet. (Interfax)
Rosneft’s capital expenses in 2009 are expected to be at the levels of the previous year.(Interfax)
WGC-6 2008 net profit dropped 2.3 times. (Interfax)
Yuzhniy Kuzbas upped 2008 net profit by RAS by almost 1.5 times. (Interfax)
Shuvalov does not exclude that RF might enter the capital of RusAl and other companies, but that would be “an exceptional case”. (Interfax)
Foodstuffs price growth rate in RF in 2009 still is times higher than products price growth rates in EU. (Russian statistics)
Trader’s daily Stock Market - March 10, 2009 (PDF)