May
7
Daily Stock review - May 07, 2009
Filed Under Uncategorized |
On Wednesday the RTS index opened with lowering versus the previous close level at the background of weak external background. The day before light minus was indicated at the American markets’ close, and also the oil prices corrected to the day-time highs. However, soon the morning decrease was compensated due to the commodity factor. For the first time since November of the previous year the oil prices overcame the level of 55 USD per barrel, also the conjuncture at the metal market was favorable, besides the trades in Europe began with growth against the background of output of better-than-expected BNP Paribas and BMW reports. As a result the investors’ mood improved significantly, which turned into quotes growth of the majority of liquid shares and significant upping of trade operations’ volume. High demand was indicated in the shares of Gazprom (register to be closed this Friday), less activity was in LUKOIL and Norilsk Nickel. Among the shares of the second echelon, WGC-3 was outlined due to adding 40% at the neutral news background, and also GAZ upped in price after the message on selling LDV, and the shares of the Seventh Continent continued the positive dynamics at the background of the possible deal with Carrefour.
Main Stock news
Polimetall showed loss by the end of the previous year versus half-year profit (US GAAP report).
Polimetall closed the year 2008 with net loss by US GAAP in the amount of 15.7 mn USD, having lowered loss by 31.1% versus 2007. At the same time the sales of Polimetall upped by 63% and reached level – all-time high for the company – 502.7 mn USD.
Other Stock news
Ø In June Severstal might partially stop production at Sparrows Point.
Ø Dalsvyaz: not bad results of 1Q 2009.
Ø GAZ will get rid of LDV.
Ø Aeroflot will payoff dividends for 2008.
Daily Stock review - May 07, 2009 (PDF)