Oct
2
Russian Stocks Daily review - October 2, 2008
Filed Under Trader’s view |
This Wednesday Russian stock market started moving in a positive zone, whilst investors have benefited from the goods news abroad – as US markets closed in the green. On par with this the oil prices have reinstated their climb upwards. Nevertheless, at the second half trades were no as good as in the first. European grounds dropped down, and “black gold” quotes moved in downwards, whereas the US’ downward opening gap caused yet another slide of Russian stock market. Wednesday’s top losers were the representatives of banking sector.
Main Russian Stock events
Russia’s oil extraction down -0.5% in January-September.
The amount oil and gas condensate extracted in RF during January-September 2008 has been reduced -0.5% versus past year and formed 365.479 mn tons (9.777 mn barrels per day), this data has been provided in the report of Central Dispatch of Fuel-Energy Complex, cites Interfax.
Other Russian Stock news
WGC-1 failed to find strategic investor.
Due to uncertainties, concerning Roscommunenergo’s and Dubai World’s intents towards WGC-1’s stocks, generating company is looking for other opportunities to finance its investment program, reported company’s press office to Interfax.