May
16
Russian Stocks - May 16, 2008
Filed Under Trader’s view |
Thursday’s dynamics of Russian stock market was much more humble than the day before, but nevertheless had a positive character. Just as we have expected – the flag of the stock of the day was taken by Gazprom Neft’s securities, the furor over these stocks was aroused by the closing of shareholders’ registry. Aside from this – company’s stock upped the price expecting for positive report of US GAAP 2007. The resulting quotes of Gazprom Neft rocketed +9%. Other stocks of oil & gas sector, such as Gazprom, LUKOIL, Surgutneftegas and Rosneft had some slight income fixes, after earning value over past few trading sessions. Above the market were also stocks of Uralkali, upping at the back of 20% growth of price for potassium chloride at Saint Petersburg’s exchange.
Main Stock events
Gazprom Neft IAS 2007 report published.
Throughout 2007 Gazprom Neft expanded its IAS compliant net income by +13.2%, above the year 2006, from 4.143 bn USD – reports the company. Company’s sales rose by +6.1% to 21.1 bn USD, operating income grew +12.2% to 4.899 bn USD, EBITDA added +12.8%, to a total of 5,828 bn USD.
TGC-7: state portfolio bought by IES, possibly partnered with Gazprom.
UES tender comission has recieved an application by IES-holding’s affiliate - Berezville Investment Limited, asking for purchase of TGC-7 stocks, held by the energy holding and owed to the state.
Other Stock news
Surgutneftegas draws results of first quarter.
TGC-7 IFRS report of 2007.
TGC-11 Additional emission failed.
CTRP and PNTZ’s weak financials of 1Q 2008.
Operating results of Aeroflot for April 2008.
Novoship reports for 1Q 2008.
FESCO decides on additional emission.
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