Sep
12
Russian Stock Market Report
Filed Under Uncategorized |
Russian stock market dynamics of Thursday was uncertain. On the one hand – after a week’s non-stop fall the quotes oil & gas sector have finally corrected upwards. We would like to point out stocks of LUKOIL, which demonstrated growth backed by Fedun and Alekperov’s purchase of company’s interest, worth 3 bn RUR in total. The investors have taken this as a green light to buy stocks of oil & gas companies. However, on the other hand, the stock market put some pressure upon the banking sector. Sberbank stocks have dropped over -5%. During the second day’s half lightly-negative dynamics was dominating, whilst market awaited US statistics. After US trade balance deficit got published, hitting lowest in 16 months, RTS had once more taken on a downward movement.
Main Russian Stock events
LUKOIL’s top managers buy back stocks.
On September 10th Vagit Alekperov purchased 1.2 mn stocks of LUKOIL (0.141% of authorized capital) for 1.92 bn RUR, through Reserve Invest Holding Ltd. In the same time through the similar structure, Leonid Fedun bought 800 th shares (0.094%) for 1.28 bn RUR. Announced press release of LUKOIL. Thus, Alekperov increased its stake in LUKOIL to 20.541%, Fedun boosted to 9.174%.
Russian Stock Market Report (PDF)