May
5
Sunday’s trades of Russian equity market featured a rise of quotes. As we have stated already – US Fed rate cut down – 0.25 p.p. during the meeting of April 30th had supported the market. Fed’s actions have triggered the growth among all major foreign markets. Considering the fact that Russian market had no trades that day the news was used during Sunday’s prices. However – market player’s activity was low at the back of rest of the world.
RTS of Sunday added +0.87% and formed 2140.98 points. The top support of climb was provided by stock of Sberbank (+2.92%), Norilsk Nickel (+2.19%) and LUKOIL (+1.17%). Opposition to growth was formed by stock of Tatneft (-0.77%), Hydro-WGC (-1.32%) and Sibirtelecom (-5.88%).
Sunday’s turnover of classic market was low and formed 19.8 mn USD. The top turnovers were registered after securities of Sberbank (6.7 mn USD), UES (3 mn USD) and Gazprom (-2.3 mn USD).
This week we may yet to see more growth for Russian equity market. Especially if we take into account another batch of holidays – market activities are ought to be low. Market growth is likely to be humble though – today’s target on RTS is 2175 points.
Main Russian Stock events
Kazanorgsintez’ dividends up +18.5%.
Kazanorgsintez is set to spend 30% of its net income on dividends for financial year 2007. This decision was taken during annual meeting of shareholders – announced the company.
Other Russian Stock news
NWT RAS 1Q report published.
NWT has finally drawn finals of its financial-economic activities of 1Q 2008 under RAS. According to results of 1Q – sales added +5.5% above prior year, totaling 6 bn RUR.
Full Russian Stock Market Report - May 5, 2008 (PDF)
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