Feb
28
Russian Stocks. Market today. The shares of FGC UES made large volume of deals – more than 5 mn USD. At the same time the quotes climbed by almost 15%. Against the background of rumor recommencement on merger of Rosneft and Surgutneftegas some deals were made with those shares. Selling mostly included the shares of Gazprom.
Market tomorrow. Negative mood prevails on the market. Dynamics at the foreign markets and reduction at the raw material sector speak for that. Due to that the beginning of next week will be marked by minus.
Russian Bonds
Market yesterday. Purchases at the ruble market continued, which was supported by rather low funding cost and stability of ruble basket. Primarily the second “firm” echelon was demanded: STC (3rd, 4th and 5th issues), TGC-1, TGC-10 (1st and 2nd issues), Ursa Bank-7, {5-1. Investors’ activity was less significant at the currency bonds market, though purchases have continued also, on both: ruble and currency issues: Gazprombank 2010, VTB 2009, Norilsk nickel 2009, Alfa Bank 2009, etc.
Market tomorrow. Activity of ruble section of the debt market might increase by the beginning of the month. Stocks of banks, telecommunication and energy companies still are most interesting.
Russian Stock Market with No comments
VEB intends to place currency bonds for 5 bn USD under LIBOR+1%. (Dmitriev)
Adding of proved supplies of TNK-BP according to PRMS exceeded extraction by 46%. (Interfax)
Sberbank provided 500 mn USD and 17 bn RUR to LUKOIL for one year. (Interfax)
Governor of Sverdlovsk region forecasts the enterprises of Evraz Group in the region to be loaded by 80-90% in March comparing to 50% in January and 65% in February. (Interfax)
Severstal has temporary suspended operation of zinc coating line at Severstal Warren. (Interfax)
UAZ will keep three day working week for two more months.( Interfax)
Russian Stock Market Review (PDF)