Jun
19
This Wednesday Russian stock market finished trading session at a growth of index, which however, proved to be insignificant. Technically the market looks the following way: during the first half of trades indicator hiked up and almost reached 2420 points. Do note that given level is also a resistance level, which forms upped border of fall canal. And obviously this barricade could not be breached “on a go”, as index “bounced” off and went down. Regarding fundamental factors we could say that support of the first half of trades could have been provided by the upped oil price. At the second half some negative dynamics appeared at European stock grounds, latern on US markets joined them, proving negative influence upon Russian stocks.
RTS of Wednesday demonstrated +0.15% growth and stopped at 2402.76 points. The top support was provided by potash companies – Silvinit (+13.89%) and Uralkaly (+1.87%), on par with metallurgy’s Severstal (+3.66%). The utmost negative sapping of indicator was made by stocks of LUKOIL (-0.52%), Surgutneftegas (-0.34%) and Sberbank (-0.44%).
Classic market turnover of Wednesday has formed 34.8 mn USD. The highest turnovers were manned by stocks of Sberbank (10.5 mn USD), Gazprom (6 mn USD) and as strange as it sounds – by Razgulay Group (3.3 mn USD).
Judging from the technical picture of the market, today the downward movement of primary equities is rather positive. As today’s decrease factors we point out the negative closing of all primary foreign markets on par with local overheating of Russian market. The market support could be made up from commodity markets. Therefore we do not exclude that RTS of the day could lose 0.8-1% TO 2378-2385 points.
Main Stock events
Centertelecom published IAS report 2007.
The sales by Centertelecom in 2007 have formed 33.5 bn RUR (IAS-compliant), appearing +13.6% above the result of 2006. Net income expanded one half times and formed 4.3 bn RUR.
Gazprom stock: forecasts of 2008 and some finals of 2007.
Today, during the press-conference in Moscow, the vice head of Gazprom’s management – Alexander Medvedev reported on company’s results of 2007 and expectations of 2008.
Other Russian Stock news
Uralkali’s annual meeting’s results.
The shareholders of Uralkali have agreed to pay dividends of 2007 in 1.9 RUR per stock during the annual meeting, says the message of the company.
Mosenergo IAS report of 1Q 2008.
Mosenergo’s primary income of first three months 2008 (according to non-audited report) increased +34% versus similar term of 2007, including sales of electric power upping +43% and heat power sales expanding +26%. Though the growth of sales was supported the most by the increased tariffs, on par with inflated sales of electric and heat power.
Aeroflot: hot season begins.
During May 2008 airline company transferred 806.1 th passengers (including passengers of charter flights up +0.9 th passengers), completing 2 bn 281 mn passenger kilometers. Passenger seat occupancy rate of May has formed 69.5%, commercial load rate formed a total of 55.3%.
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