May
25
Daily Stock review - May 25, 2009
Filed Under Trader’s view |
The end of the trading week was positive for the domestic market. Against the background of price growth for the energy resources and ruble strengthening versus currencies basket the shares of the commodities’ companies were trading in the positive zone, along with banks’ shares. At the same time the preferred shares of Sberbank looked better than the market, which reducing the gap with the common ones, added more than 6% on Friday. Among the shares of the second echelon Uralsvyazinform was loosing in price. Evidently that was due to fixation of profit on the shares which added 6.6% within a week. By the end of the day the RTS index managed to close at the positive note - higher than the 1,000 points level.
Main Stock news
MTS went in loss
Sales of MTS in 1Q 2009b by US GAAP totaled 1.8 bn USD versus 2.4 bn USD a year earlier. Net loss by the results of the quarter totaled 58 mn USD versus profit of 610 mn USD a year before.
MTS is serious about Comstar.
MTS filed a claim to the Federal Anti-monopoly Service (FAS) on purchasing 100% shares of Comstar – United Telesystems, JSC. Currently the decision on the volume or structure of the deal has not been made yet.
Other Stock news
Ø Gazprom Neft intends to carry through the matter with Sibir Energy.
Ø Gazprom: new range of extraction for 2009.
Ø Paper loss of RusHydro for 2008 by IAS.
Ø Severstal can make offer to High River minorities.
Ø TMK might gain financing from EBDR for the amount of about 200 mn USD.
Ø Uralkaliy will restrict itself to intermediate dividends.
Daily Stock review - May 25, 2009 (PDF)