Sep
18
Russian Stock and Bonds
Filed Under Trader’s view |
Stocks - Market today. During the day both Russian fund markets were closed. Everybody’s attention was concentrate on REPO market. During the afternoon, when stabilizing measures were applied, REPO received RUR assets gained by Sberbank and VTB, decreasing the quotes rates and allowed to buy in. Meanwhile, Russian ADR are traded in positive zone.
Market tomorrow. We do not exclude that if Friday’s trades will be in more positive zone than on Wednesday, Russian indices could continue climbing motion, due to closed short positions. However, this grow can be short-termed.
Russian Bonds
Market yesterday. Secondary market was closed. Thus, the all the activity can be seen at REPO market. When VTB and Sberbank gain cash assets, the quotes decreased to 15-20% per annum, allowing many market participants to solve their problems.
Market tomorrow. We do not exclude the attempts to conquer “weak” companies on Friday, due to breaking down bids and necessary margin-calls. However, the main supporting driver of the market will be cash assets from 3 state banks (VTB, Sberbank and Gazprombank)
No comment about Russian Stocks
According to IAS 1H 2008report NWT’s income increased by 22% – (company’s report)
Minority shareholders of Aeroflot took a decision to buyback about 5% of company’s shares and spend about 100 mn USD. – (Interfax)
Trades at Russian fund market could be continued on Friday – (Kudrin, Minister of Finance)
RF government took a decision to decrease oil export tax from 495.9 USD per ton to 372 USD per ton from October 1st – (Kudrin, Minister of Finance)
LUKOIL will ask the government to decrease tariffs on oil transition through oil transition system “Transneft” – (Alekperov, the head of LUKOIL)
Russian Stocks, Bonds and other Stock Information (in PDF)
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