Apr
22
Trader’s Stock daily News - April 20, 2009
Filed Under Trader’s view |
Stocks Market today. The correction that we all waited for has finally come to the market. Primarily the main range of blue chips, headed by Gazprom and Sberbank were sold. The correction reasons were not only the actual overheating of the market, but the external factors: the oil price went down during the day, the global exchange markets slipped, and also ruble got slightly weaker.
Market tomorrow. Likely tomorrow the “bearish” mood will remain. Alarming messages that the worst phase of crisis is still ahead appear at the market the further the more.
Bonds
Market today. Today, at the background of dollar strengthening at the global grounds and the following correction at raw material markets, reduction was indicated at the market. At the same time the decline was visible at the Russian bonds, first of all in the longer liquid issues, as we expected: Gazprom-15, VTB-15. etc. At the same time buys remained at the ruble notes of the firm second echelon with normal yield. REPO rates remained at the acceptable levels: for BFL – 9-10%, corporate – 10-11%.
Market tomorrow. Tomorrow we once again expect slight correction in the long-term liquid notes. Also fixation is possible in the ruble bonds against the background of dollar to ruble strengthening.
No comment
Tatneft is still included in the list of system-making enterprises and accounts on the state bail. (Company)
Potanin’s share in Norilsk Nickel reduced to 25%+1 share. (Interfax)
VSMPO-Avisma signed titanium contract with Airbus. (Interfax)
RF might reduced consumption of concrete in 2009 by 26% to 45 mn tons. (Interfax)
Trader’s Stock daily News - April 20, 2009 (PDF)