Apr
14
Daily Stock review - April 14, 2009
Filed Under Trader’s view |
The trading week started calmly at the Russian share market – the turnover was low due to holidays in Europe, and the quotes moved insignificantly. Selling mainly prevailed among the shares of oil-and-gas sector, which followed the dynamics of “black oil” price at the international grounds. Along with that there was a significant upping on other directions. So, the power energy sector indicated rally and also the producers of non-ferrous metals. Note that there was no important and significant news came out among the power energy companies, however, the demand was serious and quotes grew significantly. In the segment of non-ferrous metallurgy the mood was set by Norilsk Nickel, which won back the news on delay of treasuries’ placement.
Main Stock news
Transneft and Rosneft are going for gaining Chinese credit.
Transneft and Rosneft signed bilateral contract on cooperation in supplying oil to China, imparts the press-cutting service of the pipe monopoly, announced Interfax.
WGC-1 will reduce expenses of investment program by 10-15%.
WGC-1 intends to reduce expenses for executing three priority projects of the company at Kashirskaya, Nizhnevartovskaya and UrengoyskayaState district power plants (SDPP) by 10-15%. According to the representative of the company, demand of WGC-1 of the investments till 2012 is estimated in 2.5 bn USD, at the same time the deficit totals 1.3 bn USD. The expenses are planned to be reduced on items like “materials”, “equipment”, “building and installation”.
Other Stock news
Ø TNK-BP might enter capital of Sibir Energy.
Ø TGC-1 upped the sales by RAS in 2008 by 22% and decreased the planned volume of investments in 2009 by 3 times.
Ø Polyus’ board of directors recommended not to payoff dividends for 2008.
Ø MMC will not pay dividends for 2008.
Ø CPRP group reduced pipe shipping by 36% in 1Q 2009 and forecasts decline of pipe output by 21% in the current year.
Ø AvtoVAZ does not plan to payoff dividends for 2008.
Ø Sibirtelecom announced the report by RAS and the dividends.
Daily Stock review - April 14, 2009 (PDF)