Daily Stock News review - April 13, 2009

Friday was surprisingly calm at the Russian trade market. The activity of players reduced at insignificant index dynamics. Absence of news from abroad was the only reason for that – Friday was a day-off in Europe and the U. S. due to Easter celebration. During the day profits were fixated on Rosneft and Sberbank. Activity was slightly higher on the shares of Gazprom, Norilsk Nickel and LUKOIL, demand was prevailing. Besides, the shares of Raspadskaya became interesting again due to their falling behind the main range of liquid shares during the week. In the afternoon FSFM output news on permitting “short-terms” and that pushed the players to make new deals. Due to that the aligning of forces changed in the favor of the RTS index, however, it was likely of symbolic character.

Main Stock news

Oil export duties will be upped starting from May 1.
Export duty for oil will be raised starting from May 1, 2009 to 137-138 per ton, imparted deputy head of customs duties of RF Ministry of Finance Alexandr Sakovich to Interfax.

Other Stock news

Ø GDF intends to make it to the Nord Stream.
French GDF Suez began the detailed negotiations on entering the project of constructing Russian-German gas pipeline Nord Stream, imparts Interfax.
Ø Rosneft paid off the credit of VEB ahead of schedule.
Rosneft paid off the credit in the amount of 577 mn USD, attracted in 4Q 2008 from Vnesheconombank, imparts the message of Rosneft, announced Interfax.
Ø Selling of Norilsk Nickel’s treasury shares has been delayed.

The client of Deutsche Bank that was the ordering party of purchasing 4% portfolio of Norilsk Nickel, refused from its first claim. About a month and a half ago the bank intended to purchase that portfolio by order of one of the clients, but it was not satisfied with the conditions and called off the claim, said the chief executive officer of Deutsche Bank of Russia and CIS Igor Lozhevsky.