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Just as we have anticipated – Russian market of Thursday was subjected to a light growth. Note though, the external background was not so bright for Russian stocks – whilst European and US indices were failing gradually, and deep too. FTSE-100 for example, lost -2% to 18.00 (Msk local time). Even so, the players of Russian stock market were reluctant and struggled with the negative from abroad. Looks like as if oil prices threw the life buoy for the market. Aside from this – do not forget about an important technical factor – the 200-days sliding average. For three days in a row now RTS attempts to descend, yet brought back above the line, proving the force of this support level.

RTS of the day rose +0.34% and formed 2186.35 points. The support has been provided by stocks of LUKOIL (+0.92%), Uralkali (+4.83%) and Rosneft (+0.56%). Top negative influence over the indicator was made by preferred shares of Surgutneftegas (-3%), and common shares of Gazprom (-0.6%) and Sberbank (-0.31%).

RTS of Thursday formed a total turnover of 57.2 mn USD. The highest volumes of turnover were achieved by stocks of Norilsk Nickel (23 mn USD), LUKOIL (12.8 mn USD) and Sberbank (8.2 mn USD).

The stable and positive closing of foreign grounds on par with sound dynamics of oil price could provide significant support for the Russian stock market. Besides – today the meeting of the government is expected, set to decide issues of special tax preferences for the oil industry. Therefore, the stocks of oil companies are likely to be the most popular among investors today.

Main Russian Stock Market Events

Sukhoi Company official confirmed the delays of SSJ deliveries.
Aeroflot received official notice from Sukhoi Company, concerning the delays of Sukhoi SuperJet 100 (SSJ) delivery. Valeriy Okulov, the chief manager of Aeroflot announced the news yesterday. Lev Koshlyakov, assistant chief manager confirmed this information and specified that the shipments of planes will be provided from 3Q 2009. The new terms are set a year later than the terms defined by the contract.

Other Russian Stock Market News

Uralvagonzavod: railcars are like hot cakes.
Nikolai Malikh, the chief manager of Uralvagonzavod, announced that company plans to sign an agreement, concerning the delivery of 25 th of rolling equipment per year, with First Freight Company from year 2009 to 2015. The total value of the contract formed 100 bn RUR. The supplies include 20 th of low-sided cars, 2.5—3 th of tank-cars and 2—2.5 th of mineral cars.

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