May
13
Trader’s Stock daily News - May 13, 2009
Filed Under Trader’s view |
Stocks Market today. Starting from morning the investors started attacking the level of 1,000 points of the RTS index. More to that, it managed to be conquered, but not for long – having reached the given psychologically important level profit fixation began on the market and by the end of trades close the market went deep down. Among the most sold shares was the oil-and-gas sector, which was the growth leader earlier.
Market tomorrow. We do not exclude the correction down to continue on behalf of profit fixation on securities that added in price.
Bonds Market today. On Wednesday the activity at the domestic debt market was rather high. The liveliest trades were on the issues of the first echelon and primarily the issues of Moscow (54, 50 and 45). Also the high volume went on 6th issue of Sibirtelecom. Totally the positive quotes’ movement prevailed. At the Eurobond market the situation did not change much during the day: underestimated currency issues (UAC, Tatfond) were purchased, search was for ruble issues (Rosbank, Bank of Moscow, Gazprombank). However, closer to the end of the day together with correction development at the market the activity left Eurobond market.
Market tomorrow. Tomorrow the situation will remain stable. At the domestic market the prices are supported by high ruble liquidity. At the Eurobond market upping of purchase activity of non-residents might be indicated.
No comment
Retail trade in U.S. in April reduced unexpectedly by 0.4% versus the previous month. (Interfax)
Prices for import to U.S. in April grew by 1.6%. (Interfax)
CB RF reduces the key interest rates starting from May 14, the refinancing rate to – to 12.0%. (Interfax)
Rosneft plans to build up the volume of oil extraction to 180 mn tons by 2030. (Company)
PIK gained 1.1 bn USD of net loss by IAS in 2008. (Company)
In 4Q 2008 Vimpelkom gained 816 mn USD of net loss due to exchange rates and overestimation of assets. (Company)
RAS net profit of Rostelecom reduced in 1Q by 39% to 1.9 bn RUR. (Company)
Mosenergo might refrain from paying off dividends for 2008. (Interfax)
Sales of Uralkaliy in 1Q 2009 by RAS reduced by 35%. (Report of the company)
Trader’s Stock daily News - May 13, 2009 (PDF)