Apr
18
Daily Stock review - April 17, 2009
Filed Under Trader’s view |
Trader’s view By the end of Thursday the Russian Stock market closed positively again. Since the very beginning of trades the shares added in price due to winning back the positive dynamics at the American and Asian grounds. Closer to the end of the trading session the stats on U.S. construction market came out, which turned out to be little worse than expected. However that fact did not manage to make significant negative effect on the dynamics, and the market ignored the output data. Nevertheless, the reaction to the report for J.P.Morgan Chase was far more aggressive – actual results turned out to be better than expected, however markets did not start climbing. Among the Russian shares the power energy sector closed in the major mood, along with non-ferrous metals producers, oil and financial sectors. The non-ferrous metallurgists and also the oil sector moved under the influence of the raw material factor, the financial sector might have reacted to the issue of its colleagues from the abroad, and rally still goes on in the power energy sector.
Main Stock news
New majority of Polyus.
According to Vedomosti newspaper, on April 15 the structures of Suleyman Kerimov bought back 15% portfolio of Polyus Gold from the companies of Vladimir Potanin. Another 22% shares Kerimov bought from Potanin in March. Federal antimonopoly service approval has not been gained yet.
Other Stock news
Ø LUKOIL covered the credit on 400 mn Euro ahead of schedule.
LUKOIL Finance Ltd. (LUKOIL’s subsidiary) on Thursday covered the credit in the full volume and ahead of schedule in the amount of 400 mn Euro, states the press-release of LUKOIL, imparts Interfax.
Daily Stock review - April 17, 2009 (PDF)