Apr
9
On Wednesday the trades began at the Russian share market with moderate decrease at the background of the external data, including the oil price lowering and drop of the foreign markets. However the correction did not last long and in the afternoon it already has been won back in full volume. The reason for turn around of the domestic market was the dynamics change of oil price towards climbing, and also the upping of the American indices futures. The shares of Sberbank, Gazprom, LUKOIL and Rosneft turned out to be most sensitive to such change. Favorable situation at the metal market supported growth of Norilsk Nickel’s shares. Positive dynamics of the American markets at the trades open also spoke for bullish play.
Main Russsian Stock news
Today the government will discuss the investment programs in power energy. By provisional data there will be no significant decrease.
The total investment program of power energy parties of RF for 2009 will be reduced by approximately 1.8-2.1 bn USD (9-11%) to 16.3 bn USD, stated to the journalists a source in the government when commenting the investment program draft for the current year and for the period till 2011, imparts Interfax.
Other Russian Stock news
Ø Polimetall purchases the deposit Sopka kvartsevaya for shares.
Polimetall purchases 100% share of Rudnik kvartseviy, JSC, which obtains license for the deposit Sopka kvartsevaya, and also 100% share of Vneshstroygroup, JSC, which owns the license for the gold and silver deposit Dalniy. Polimetall will purchase JSC for 10 mn of its own shares nominated in 0.02 RUR, placed within the frames of the additional emission.
Ø STC: annual results and dividends.
Sales of STC for 2008 formed 20.9 bn RUR, which is by 5.6% higher than in 2007. The net profit dropped 70% to the level 557 mn RUR versus 1.8 bn RUR a year before. STC’s board intends to recommend the holders to approve dividends for 2008 in the amount of 0.02822 RUR per common share and 0.0573 RUR per preferred share at the meeting in June.