Apr
30
Throughout Tuesday Russian stock market had went on a stable drop for most of the trading session. Even though external background was neutral – the trades gone wrong since the very start. Some negative influence to the market was brought by drop of oil prices, new fall at European markets, weakly opened US trades. Among liquid stocks we would like to point out Sberbank – demonstrating dynamics above the rest of market. Company’s quotes could have enjoyed latter published annual IAS report and German Graf’s message regarding net income forecast of 2008.
RTS lost -1.13% yesterday, stopping its fall at 2126.57 points. Index of Tuesday was undermined by stock of LUKOIL (-1.54%), Gazprom (-1.42%) and Uralkaly (+6.33%). The index was supported by stocks of Sberbank (+0.93%); common and preferred of stocks UES (+0.5% and +1.38%) respectively.
RTS classic market turnover of Tuesday has formed 26.5 mn USD. The top turnover volumes were registered over stocks of Sberbank (10.4 mn USD), though second and third places were considerably lower at UES (3.9 mn USD) and LUKOIL (3.2 mn USD).
Yesterday Russia starts its long holidays; therefore market players’ activity is likely to stay nominal. We must note that today US Fed will reexamine the base rate. And market volatility prior to this event will be traditionally lower. We assume RTS today will not change beyond 1%.
Main Stock events
Surgutneftegas prepares for annual meeting of shareholders.
Net income of Surgutneftegas in 1Q 2008 has formed increased 2.4 times to 19 bn RUR, from 8.084 bn RUR for similar term of past year – told company’s director general Vladimir Bogdanov in interview to Kommersant newspaper.
Sitronics: the worst year ever.
Sitronics’ net losses of US GAAP in 4Q 2007 has formed 46.1 mn USD, versus net income of 24.3 mn USD for similar period of 2006, reports company’s message. EBITDA has formed 15.3 mn USD, versus 57.5 mn USD in October-December 2006.
FESCO’s first total report.
FESCO’s consolidates sales of IAS in 2007 has formed 872 mn USD (+51% growth to 2006). EBITDA value added to 267 mn USD (+138%). Net income climbed to 103 mn USD (+58%).
Other Stock news
BP announced TNK-BP’s net income of 1Q 2008.
CTC Media 1Q report.
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