Mar
31
Trader’s Stock daily - March 31, 2009
Filed Under Trader’s view |
Stocks Market today. The market climbed the most part of the day. Demand was for the usual within blue chips oil-and gas sector and in AvtoVAZ. The telecoms dropped gradually due to news on profits for the previous year. The market went down within the past hour, possibly due to messages about Federal tax service initiatives.
Market tomorrow. The situation is not that common: on hand are the climbing foreign markets, on the other – news from Federal tax service, the market overheating and RTS level of 700 points.
Bonds
Market today. After correction in the first echelon the activity of the participants of the bond market changed to several less liquid issues of the second and third echelons (Domotsenter-1, CPRP-1, OMZ-6, SanIntBryu-2). The most quality issues by the end of Tuesday stayed at previous levels. At the Eurobond market the investors are still transferring into longer term notes. Stable demand is for the issues of Severstal 2013, VTB 2016, Transkreditbank 20111, Gazprom 2015.
Market tomorrow. We assume the activity will return to the first echelon along with REPO rate getting more expensive due to their climbing up to 15% on the verge of next month. Ruble assets will once again be interesting along with weakening of dollar position.
No comment
Kudrin expects economic growth to presume in RF in late 2009 (Interfax)
Rosneft’s board will Consider a matter of dividends on April 24, management will offer payoff. (Interfax)
Sylvinite upped RAS net profit in 2008 by 4.4 times. (Interfax)
FSK upped RAS net profit in 2008 by 2 times. (Interfax)
Raspadskaya improved selling in March up by 70% from high estimates of 2008. (Intefax)
Trader’s Stock daily - March 31, 2009 (PDF)